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Legislation


2012 Regular Session

SENATE BILL 531

File Code: Insurance - Other than Health
Sponsored By:
Senator Middleton
Entitled:
Property and Casualty Insurance - Underwriting Period - Discovery of Material Risk Factor

Synopsis:

Requiring an insurer that discovers a material risk factor during the 45-day underwriting period to recalculate the premium for a policy or binder of personal insurance, commercial property insurance, or commercial liability insurance under specified circumstances; requiring the insurer to provide written notice to the insured on a specified form if the insurer recalculates the premium for the policy or binder based on the discovery of a material risk factor; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/3
First Reading Finance
Hearing 2/28 at 1:00 p.m.
3/22

Favorable with Amendments Report by Finance
3/19
Favorable with Amendments {477877/1 Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (46-0)
4/3
Senate Concur - House Amendment
Third Reading Passed (47-0)
Passed Enrolled
House Action
3/24
First Reading Economic Matters
4/4
Favorable Report by Economic Matters
3/30
Favorable Report Adopted
Second Reading Passed
3/31
Special Order until 4/6 (Delegate Rudolph) Adopted
4/2
Special Order until next session (Delegate Rudolph) Adopted
4/3
Floor Amendment (Delegate Rudolph) {963229/1 Adopted
Third Reading Passed with Amendments (125-0)
Action after passage in Senate and House
5/2
Approved by the Governor
- Chapter 253

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Liability -see also- Good Samaritan
Motor Vehicle Insurance -see also- MD Auto Insurance Fund
Notices
Prices -see also- Consumer Price Index
Real Property

Bill affects the following Statutes:

Insurance
( 12-106 , 27-614 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 477877/01     Offered on: March 22, 2012   at: 12:20 p.m.     Status: Adopted
House
Number: 963229/01     Offered on: April 7, 2012   at: 5:44 p.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 22, 2012: Third Reading Passed (46-0)
April 3, 2012: Third Reading Passed (47-0)
House
April 3, 2012: Third Reading Passed (125-0)
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