File Code: Insurance - Other than Health
- Sponsored By:
-
Delegate Davis
- Entitled:
-
Motor Vehicle Insurance - Financing of Premiums or Acceptance of Premiums on an
Installment Basis by Insurer - Prohibited
Prohibiting an insurer that issues, sells, or delivers a motor vehicle
insurance policy in the State from providing, directly or indirectly,
for the financing of premiums and from accepting premiums on an
installment basis; providing that a premium may be financed only by
specified premium finance companies; providing that if a prospective
insured's initial payment to specified persons is not honored, a
policy or endorsement issued in reliance on that payment is void; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
House Action
- 1/28
- First Reading Economic Matters
- 2/7
- Hearing 2/26 at 1:00 p.m.
Senate Action
- No Action
Bill indexed under the following Subjects:
- Contracts -see also- Land Installment Contracts; Procurement
- Finance Companies
- Motor Vehicle Insurance -see also- MD Auto Insurance Fund
Bill affects the following Statute:
- Insurance
- (
19-517
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
