SENATE BILL 735

File Code: Insurance - Other than Health

Sponsored By:

Senator Stone

Entitled:

Motor Vehicle Liability Insurance - Valuation of Motor Vehicles - Disclosure

Synopsis:

Requiring that specified regulations require each insurer to file with the Insurance Commissioner the condition inspection guidelines that the insurer uses in the settlement of claims involving a determination of the total loss of a private passenger motor vehicle; requiring the regulations to require an insurer to disclose to a claimant specified guidelines and valuation concerning a claim involving the total loss of a vehicle; etc.

History by Legislative Date

Senate Action

2/6

First Reading Finance

2/27

Hearing 3/16 at 1:00 p.m.

3/19

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

DISCLOSURE

INSPECTIONS -see also- MOTOR VEHICLE INSPECTION

INSURANCE ADMINISTRATION

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

MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND

RULES AND REGULATIONS

Bill affects the following Statute:

Insurance

( 27-304.1 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered