MD | The Maryland Insurance Administration today issued Bulletin No. 20-29. The bulletin authorizes the temporary suspension of Section 10-121 (k) of the state’s code. This section requires title insurers to conduct in-person audits of certain title producers during each calendar year.
Many insurers are currently conducting virtual and remote audits. The new bulletin defers on-site reviews until the 30th day after the termination of the current state of emergency.
Click here to read the bulletin for further details, including limitations and conditions on this suspension.