May 26, 2004

The Honorable Michael E. Busch
Speaker of the House
State House
Annapolis, MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 504 - Private Passenger Motor Vehicle Insurance - Use of Credit History - Repeal of Sunset.

This bill repeals a provision that terminates, at the end of September 30, 2004, a provision that authorizes an insurer that rates a new private passenger motor vehicle insurance policy based on the credit history of the applicant to provide a discount of up to 40% or impose a surcharge of up to 40% if actuarially justified. It also requires the Maryland Insurance Administration to report to specified committees of the General Assembly by December 1, 2004.

Senate Bill 101, which was passed by the General Assembly and signed by me on April 27, 2004, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 504.

Very truly yours,
Robert L. Ehrlich, Jr.