SB0930 (CH0334)

2013 Regular Session



Property and Casualty Insurance - Premium Payments - Acceptance on Installment Payment Basis and Premium Finance Agreements

Sponsored by:

Senator Pugh


Approved by the Governor - Chapter 334

Synopsis:Authorizing the Maryland Automobile Insurance Fund to accept premiums on an installment payment basis under specified circumstances; requiring the Maryland Insurance Commissioner to ensure specified provisions of an installment payment plan; prohibiting the Fund from discriminating among insureds in a specified manner; prohibiting the Fund from considering, in determining specified commissions, whether a fund producer placed an insured in an installment payment plan; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Pugh, Conway, Ferguson, Middleton, Montgomery, Muse, Ramirez, Young, Garagiola, Kelley, Klausmeier, and Mathias
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Finance  Listen to Committee HearingEconomic Matters  View Committee Hearing
Broad Subject(s):Insurance - Other than Health
Narrow Subject(s):Contracts -see also- Land Installment Contracts; Procurement
Electronic Government
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Insurance Administration
Maryland Automobile Insurance Fund
Motor Vehicle Insurance -see also- MD Auto Insurance Fund
Prices -see also- Consumer Price Index
Statutes:Article - Insurance
(20-101, 20-504, 20-507, 23-101, 23-301, 23-301.2, 23-304, 23-307, 23-307.1, 23-401.1, 23-405, 23-501.1, 23-505.2)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:10 P.M.