SENATE BILL 1006

Sponsored By:

Senator Middleton

Entitled:

Maryland Automobile Insurance Fund - Fund Producers - Commissions

Synopsis:

Altering the commission the Maryland Automobile Insurance Fund is required to pay to a fund producer of a policyholder to whom a private passenger auto insurance policy is issued by the Fund; and requiring the Fund, on or before a specified date, to report to specified legislative committees on specified information concerning the implementation of a specified commission payment structure.

History by Legislative and Calendar Date

Senate Action

2/17

First Reading Senate Rules

2/27

Re-referred Finance

3/1

Hearing 3/13 at 1:00 p.m.

3/27

Favorable with Amendments Report by Finance

3/23

Favorable with Amendments {257774/1 Report Adopted

Second Reading Passed with Amendments

3/24

Third Reading Passed (46-0)

4/6

Returned Passed

House Action

3/26

First Reading House Rules and Executive Nominations

3/30

Re-referred Economic Matters

4/2

Hearing 4/3 at 1:00 p.m.

4/7

Favorable Report by Economic Matters

4/3

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (134-1)

Action after passage in Senate and House

5/2

Approved by the Governor

- Chapter 336

Bill indexed under the following Subjects:

Agents and Brokers

Maryland Automobile Insurance Fund

Motor Vehicle Insurance -see also- MD Auto Insurance Fund

Reports

Salaries -see also- Overtime; Reimbursement Rates

Bill affects the following Statute:

Insurance

( 20-512 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 257774/01     Offered on: March 27, 2012   at: 12:23 p.m.     Status: Adopted

Committee Votes :

Senate

Finance

House

Economic Matters

Roll Call Votes (Legislative dates are shown):

Senate

March 24, 2012: Third Reading Passed (46-0)

House

April 6, 2012: Third Reading Passed (134-1)