Baltimore, MD. – Maryland residents looking to purchase insurance-related products and services will have a bit more choice.
The Maryland Insurance Administration announced that 14 new companies have been approved to conduct business in the state and 3 more companies have been given approval to add new lines of business.
The MIA granted Certificates of Authority to the following insurance companies:
These companies will market their products through brokers and independent agents.
- Boston Indemnity Company, State of Domicile: South Dakota, licensed as a Surety Insurer
- Humana Wisconsin Health Organization Insurance Corporation, State of Domicile: Wisconsin, licensed as a Health Maintenance Organization
- ISNP Ventures, LLC, State of Domicile: Maryland, licensed as Health Maintenance Organization
- Preferred Employers Insurance Company, State of Domicile: California, licensed as a Workers Compensation Insurer
- State Volunteer Mutual Insurance Company, State of Domicile: Tennessee, licensed as a Casualty Insurer
- The American Home Life Insurance Company, State of Domicile: Kansas, licensed as a Life Insurer
- US National Title Insurance Company, State of Domicile: Mississippi, licensed as a Title Insurer
The following companies were granted approval to add new services:
- Liberty Mutual Personal Insurance Company: Currently offers Casualty, Property; added Vehicle Liability
- Vantapro Specialty Insurance Company: Currently offers Health, Marine, Wet Marine and Transportation , Workers Compensation, Property and Marine, Surety, and Vehicle Liability; added Casualty
- Victoria Fire & Casualty Company: Currently offers Casualty, Health, Marine, Wet Marine and Transportation, Property and Marine, Surety, and Vehicle Liability; added Workers Compensation
“Our entire agency is committed to adding competition and choices for Maryland citizens. We focus on providing robust consumer protection, while also streamlining our regulatory process to make Maryland a desirable place to do insurance business. We are proud of our business development efforts that have netted new products and additional carriers selecting Maryland to sell insurance,” said Maryland Insurance Commissioner Al Redmer, Jr. “Our goal is to provide Maryland citizens with as much choice as possible when it comes to insurance matters. Our company licensing team continues to focus on promoting the concept that Maryland is Open for Business.”