SENATE BILL 605

Sponsored By:

Senator Kelley

Entitled:

Motor Vehicle Liability Insurance - Premium Increases - Consumer Information

Synopsis:

Requiring an insurer that provides a private passenger automobile insurance policy to provide information about policy premiums to a policyholder at specified times; prohibiting an insurer from requiring a particular payment plan for an insured based on the credit history of the insured; requiring an insurer that markets private passenger automobile insurance through insurance producers to make a copy of a specified statement available to its producers; requiring a notice of proposed adverse action to contain specified information; etc.

History by Legislative Date

Senate Action

2/1

First Reading Finance

2/6

Hearing 3/7 at 1:00 p.m.

4/8

Favorable with Amendments Report by Finance

4/6

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

House Action

No Action

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

CREDIT

DISCLOSURE

INSURANCE ADMINISTRATION

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

MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND

NOTICES

PENALTIES

PRICES -see also- CONSUMER PRICE INDEX

REPORTS

RULES AND REGULATIONS

Bill affects the following Statutes:

Insurance

( 11-317 , 27-501 , 27-605 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 117473/1 (PDF)     Offered on: April 8, 2002   at: 6:33 p.m.     Status: Adopted