MD | The Maryland Insurance Administration has issued a bulletin informing property and casualty insurance carriers and producers about new regulations for pet insurance sales, effective January 1, 2025. The law, codified as Title 19, Subtitle 11 of the Insurance Article, requires pet insurers to provide specific disclosures to consumers, including information on policy exclusions, coverage limitations, and waiting periods.
Key provisions allow insurers to exclude coverage for preexisting conditions, impose waiting periods up to 30 days for certain conditions, and prohibit requiring medical examinations for policy renewals. The bulletin also addresses wellness programs, stating that those meeting certain criteria are considered insurance and subject to the Insurance Article.