SENATE BILL 773

File Code: Insurance - Other than Health

Sponsored By:

Senator Bromwell

Entitled:

Motor Vehicle Liability Insurance - Valuation of Motor Vehicles

Synopsis:

Requiring a motor vehicle liability insurer to use the value from a specified national publication when determining the fair market value of a motor vehicle that is totally destroyed; authorizing an insurer or an insured to adjust the value of the motor vehicle in a specified manner; authorizing a specified insurer or an insured to present evidence of the condition of the motor vehicle; and requiring the determination of fair market value to consider the cost of specified repair.

History by Legislative Date

Senate Action

2/1

First Reading Finance

2/6

Hearing 3/7 at 1:00 p.m.

3/19

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

ACCIDENTS

APPRAISALS

AUTOMOTIVE REPAIR

MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.

MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND

PUBLICATIONS -see also- MARYLAND REGISTER

Bill affects the following Statute:

Insurance

( 27-914 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered