2010 Regular Session

SENATE BILL 644

File Code: Insurance - Other than Health
Sponsored By:
Senators Pugh, Harrington, Jones, Madaleno, and Rosapepe
Entitled:
Insurance - Premium Finance Companies - Limitation on Referrals by Insurance Producers

Synopsis:

Prohibiting, with respect to personal lines automobile insurance written through the Maryland Automobile Insurance Fund, an insurance producer or an agent or employee of an insurance producer from directing or referring an insured to a premium finance company in which the insurance producer, agent, or employee has a specified beneficial interest or with which the insurance producer, agent, or employee has a specified compensation arrangement; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/5
First Reading Finance
2/24
Hearing 3/16 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Catherine E. Pugh, District 40
Senator David C. Harrington, District 47
Senator Verna L. Jones, District 44
Senator Richard S. Madaleno, Jr., District 18
Senator Jim Rosapepe, District 21

Bill indexed under the following Subjects:

Agents and Brokers
Consumer Protection -see also- Unfair Trade Practices
Ethics
Finance Companies
Maryland Automobile Insurance Fund
Motor Vehicle Insurance -see also- MD Auto Insurance Fund
Penalties and Sentences -see also- Death Penalty
Reports

Bill affects the following Statute:

Insurance
( 23-505.3 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered