2005 Regular Session

SENATE BILL 387

File Code: Insurance - Other than Health Prior Year Introduction As: SB 582/04 - FIN
Sponsored By:
Senators Stone and Della
Entitled:
Homeowner's Insurance - Mediation - Valuation of Property

Synopsis:

Requiring the Maryland Insurance Commissioner to adopt regulations that establish a mediation process in the Maryland Insurance Administration between a consumer and an insurer that issues or delivers a homeowner's insurance policy for the settlement of claims involving property damage and the determination of the loss value of the property; allowing the Commissioner to establish qualifications for persons requesting mediation services and for individuals applying to serve as mediators; etc.

History by Legislative Date

Senate Action
2/2
First Reading Finance
2/4
Hearing 2/22 at 1:00 p.m.
2/25
Unfavorable Report by Finance
House Action
No Action

Sponsored by:

Senator Norman R. Stone, Jr., District 6
Senator George W. Della, Jr., District 46

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MEDIATION -see also- ARBITRATION
REAL PROPERTY
RULES AND REGULATIONS

Bill affects the following Statute:

Insurance
( 27-304.2 )

Documents:

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