Section 11-214 - Statement of rate classifications.
§ 11-214. Statement of rate classifications.
(a) In general.- Each insurer that provides a private passenger automobile insurance policy shall provide to the policyholder at the time of issuance or renewal of the policy a statement that:
(1) defines the policyholder's rate classifications; and
(2) if the insurer is an authorized insurer, includes a summary, in a form approved by the Commissioner, of the insurer's approved surcharge plan or driver record point plan for that policy.
(b) Effect of statement.- The statement must be sufficiently clear and specific so that an individual of average intelligence can identify the classifications without making further inquiry.
[An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2.]