2003 Regular Session

SENATE BILL 174

File Code: Insurance - Other than Health
Sponsored By:
Senators Jacobs, Colburn, Hooper, and Stone
Entitled:
Property and Casualty Insurance - Use of Credit History

Synopsis:

Requiring an insurer, with respect to homeowners and motor vehicle insurance, to obtain specified approval to use credit history to rate a risk based on specified credit history; prohibiting an insurer, with respect to specified insurance, from using a specified factor on a specified credit history; requiring a specified insurer to advise a specified applicant or insured about a specified credit history; prohibiting an insurer from using specified factors in rating a specified policy; etc.

History by Legislative Date

Senate Action
1/27
First Reading Finance
2/19
Hearing 3/11 at 1:00 p.m.
3/10
Hearing cancelled
3/12
Withdrawn
House Action
No Action
Sponsored by:
Senator Nancy Jacobs, District 34
Senator Richard F. Colburn, District 37
Senator J. Robert Hooper, District 35
Senator Norman R. Stone, Jr., District 6
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
DISCLOSURE
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND
PRICES -see also- CONSUMER PRICE INDEX
Bill affects the following Statute:
Insurance
( 27-501 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered