What privacy notice is required by the Maryland Insurance Administration?

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What privacy notice is required by the Maryland Insurance Administration?

A. Notice of the rescission regarding the transaction
B. The notice regarding errors and omissions concerning the transaction
C. A notice reflecting agency policy regarding non-public financial info/privacy
D. A notice regarding the condition of the property at the time of transaction

Answer: C. A notice reflecting agency policy regarding non-public financial info/privacy

Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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