SB0142 (CH0016)

Find a 2015 Bill:

2015 Regular Session



Property and Casualty Insurance - Premium Finance Companies - Assignment of Rights and Obligations - Repeal of Termination Date

Sponsored by:

Senator Pugh


Approved by the Governor - Chapter 16

Synopsis:Repealing the termination date of specified provisions of law relating to the authority of a premium finance company, with respect to specified motor vehicle insurance, personal insurance, and commercial insurance, to assign rights and obligations under a premium finance agreement and to pledge a premium finance agreement as collateral for a loan.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Pugh, Benson, Conway, Feldman, King, Madaleno, and Nathan-Pulliam
Additional Facts:Bill File Type: Regular
Effective Date(s): June 1, 2015
Finance  View Committee HearingEconomic Matters  View Committee Hearing
Broad Subject(s):Insurance - Other than Health
Narrow Subject(s):Disclosure
Finance Companies
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Loans -see also- Mortgages
Motor Vehicle Insurance -see also- MD Auto Insurance Fund
Statutes:Article - Insurance
Article - Chapter of the Acts

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October 24, 2017 4:47 P.M.