2002 Regular Session

SENATE BILL 157

File Code: Insurance - Other than Health
Sponsored By:
Chairman, Finance Committee (Departmental - Insurance Administration, Maryland)
Entitled:
Homeowner's Insurance and Private Passenger Motor Vehicle Insurance - Standards for Cancellation and Nonrenewal - Repeal of Sunset and Credit History

Synopsis:

Prohibiting an insurer from refusing to underwrite a homeowner's insurance risk solely because of the credit history of the applicant or named insured; prohibiting an insurer from cancelling or amending a written agreement with an independent insurance producer because of the credit history of an applicant or named insured; repealing specified provisions requiring the Insurance Commissioner to conduct a study and submit a report; etc.

History by Legislative Date

Senate Action
1/15
First Reading Finance
1/16
Hearing 1/29 at 1:45 p.m.
1/21
Hearing cancelled
Hearing 1/31 at 1:00 p.m.
2/25
Favorable with Amendments Report by Finance
2/26
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/28
Third Reading Passed (46-0)
House Action
3/1
First Reading Economic Matters
3/27
Hearing 4/2 at 1:00 p.m.
Sponsored by:
Chairman, Finance Comm.
Departmental
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND
PUBLIC INFORMATION
REPORTS
SUNSET
Bill affects the following Statutes:
Insurance
( 27-501 , 27-501 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 717476/1 (PDF)     Offered on: February 26, 2002   at: 10:50 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
February 28, 2002: Third Reading Passed (46-0)