Legislation - SB0052

Title: Property Insurance - Settlement of Claims and Notices
Sponsored by: Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Status: In the Senate - First Reading Finance
Analysis

Synopsis

Establishing the method for calculating the measure of the actual cash value recovery in the settlement of a first-party claim under a residential or commercial property insurance policy issued or renewed on or after October 1, 2026; and requiring an insurer that renews a policy of homeowner's insurance or renter's insurance to notify the insured, in advance of the renewal, of certain differences between the expiring policy and the renewal policy.

Committees

Original:: Finance

Details

Cross-filed with: HB0283

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2026

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/25/2025 Legislative Date 9/25/2025 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Insurance - Settlement of Claims and Notices Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	9/25/2025	9/25/2025	Pre-filed
Senate	1/14/2026	1/14/2026	First Reading Finance
			Text - First - Property Insurance - Settlement of Claims and Notices

File Code

Subjects

Statutes