§ 24-109. Policy terms and conditions of coverage

   (a) Uniformity required. -- Policies that the Society issues to lawyers shall be essentially uniform in terms and conditions of coverage.

(b) Classifications authorized. -- Notwithstanding subsection (a) of this section, the Society may:

   (1) establish reasonable classifications of lawyers, insured activities, and exposures based on a good faith determination of relative exposures and hazards among classifications;

   (2) vary the limits, coverages, exclusions, conditions, and loss-sharing provisions among classifications; and

   (3) establish, for an individual lawyer within a classification, reasonable variations in the terms of coverage, including deductibles and loss-sharing provisions, based on the insured's prior loss experience.

(c) Refusal or cancellation of policy. -- The Society:

   (1) may refuse to insure an applicant or may cancel the policy of a member of the Society who is suspended or disbarred from practicing law; and

   (2) may refuse to underwrite or cancel any risk that does not meet its underwriting standards subject to the applicable provisions of this article.

HISTORY: An. Code 1957, art. 48A, § 572; 1996, ch. 11.