§ 19-114. Deductibles in medical malpractice policies.

   (a) Additional policy deductibles. -- Each insurer that issues or delivers a medical professional liability insurance policy in the State shall offer at a minimum, in addition to the basic policy, additional policies with deductibles in the following amounts:

   (1) $ 25,000;

   (2) $ 50,000; and

   (3) $ 100,000.

(b) Application of deductible. -- In a policy with a deductible described in subsection (a) of this section, the insurer shall apply the deductible only to the liability of the insured under the policy.

(c) Cancellation for nonpayment of premium; notice. --

   (1) An insurer that issues or delivers a medical professional liability insurance policy with a deductible described in subsection (a) of this section may cancel the policy for nonpayment of the deductible when the deductible is due and payable under the policy.

   (2) A medical professional liability insurer that cancels a policy under paragraph (1) of this subsection is subject to the notice provisions under § 27-602 of this article.

HISTORY: 2004 Sp. Sess., ch. 5, § 1; 2006, ch. 44, § 5.