If an insurer nonrenews a property policy because of geographic risk, how many days before the nonrenewal must the Commissioner be notified?

• A. 30 days
• B. 60 days
• C. 90 days
• D. 120 days

Answer: (B)

When a policy is being nonrenewed due to geographic risk, regulators require advance notification so they can review the action and protect consumers. The insurer must notify the Maryland Insurance Commissioner sixty days before the nonrenewal becomes effective. This buffer gives the Commissioner time to assess the justification, ensure the action complies with law and underwriting rules, and help ensure the insured has a reasonable period to obtain alternative coverage.