2005 Regular Session

SENATE BILL 298

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 1389
Sponsored By:
Senator Stone
Entitled:
Motor Vehicle Liability Insurance - Total Loss Valuation - Disclosure and Calculation

Synopsis:

Requiring an insurer to disclose to a claimant who has filed a claim involving the total loss of a private passenger motor vehicle the condition inspection guidelines that the insurer relied on to determine the condition of the motor vehicle at the time of the loss; and requiring an insurer to reflect a certain cost in the determination of the total loss value and to include in a settlement offer an explanation relating to compliance with the State motor vehicle safety inspection law.

History by Legislative Date

Senate Action
1/28
First Reading Finance
Hearing 2/8 at 1:00 p.m.
2/14
Unfavorable Report by Finance
House Action
No Action

Bill indexed under the following Subjects:

ACCIDENTS
DISCLOSURE
MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.
MOTOR VEHICLE INSPECTION
MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND
RULES AND REGULATIONS

Bill affects the following Statute:

Insurance
( 27-304.1 )

Documents:

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