Property and Casualty Insurance - Parametric Insurance - Regulation
Establishing requirements and prohibitions for parametric insurance policies that are issued to a resident of the State or are sold, solicited, negotiated, or offered in the State; and authorizing the Maryland Insurance Commissioner to establish a pilot program to provide insurers participating in the pilot program additional opportunities to provide parametric insurance products, serve a public need, protect vulnerable populations, and advance policy goals in the State.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
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