HOUSE BILL 158

File Code: Insurance - Other than Health

Sponsored By:

Chairman, Economic Matters Committee (By Request - Departmental - Insurance Administration, Maryland)

Entitled:

Property and Casualty Insurance - Transfer Between Affiliates

Synopsis:

Specifying that a property and casualty insurer's offer to assign, place, or transfer an insured from one affiliated company to another affiliated company within an insurance holding company system is not a cancellation or nonrenewal for purposes of specified laws that apply; providing that assignment, placement, or transfer of an insured from one affiliated company to another within an insurance holding company system shall be deemed an offer to renew subject to notice rights for consumers; etc.

History by Legislative Date

House Action

1/20

First Reading Economic Matters

1/24

Hearing 2/2 at 1:00 p.m.

3/14

Unfavorable Report by Economic Matters

Senate Action

No Action

Sponsored by:

Econ. Matters Comm., Chairman

Departmental

Ins. Administration, MD

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

NOTICES

PRICES -see also- CONSUMER PRICE INDEX

Bill affects the following Statutes:

Insurance

( 27-501 , 27-604 , 27-605 , 27-607 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered