(a) (1) The Commissioner shall adopt a two-tier antiarson application form that requires an applicant to complete a second-tier supplementary application if the initial first-tier application elicits certain predesignated answers. (2) In adopting the antiarson application form, the Commissioner shall consider generally recognized two-tier application forms. (b) An antiarson application shall include: (1) the name and address of the applicant, any mortgagee, and any other party with an ownership interest in the property to be insured; (2) the amount of insurance requested and the method of valuation used to establish that amount; (3) the dates and selling prices of the property to be insured in all real estate transactions involving the property during the 3-year period immediately preceding the date of the antiarson application; (4) the applicant’s history of losses during the 5-year period immediately preceding the date of the antiarson application with regard to any property: (i) in which the applicant held an interest, including a partnership or mortgage interest, that is substantial; and (ii) that sustained a fire loss exceeding 25% of the insured value; (5) all taxes that are which the applicant held an interest, including a partnership or mortgage interest, that is substantial; and (ii) that sustained a fire loss exceeding 25% of the insured value; (5) all taxes that are unpaid or overdue for 1 or more years; and (6) the present occupancy of the property to be insured.
Maryland Legal Code