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Legislation


2004 Regular Session

HOUSE BILL 504

File Code: Insurance - Other than Health
Sponsored By:
Chairman, Economic Matters Committee (By Request - Departmental - Insurance Administration, Maryland)
Entitled:
Private Passenger Motor Vehicle Insurance - Use of Credit History - Repeal of Sunset

Synopsis:

Repealing a provision that terminates, at the end of September 30, 2004, a provision that authorizes an insurer that rates a new private passenger motor vehicle insurance policy based on the credit history of the applicant to provide a discount of up to 40% or impose a surcharge of up to 40% if actuarially justified; and requiring the Maryland Insurance Administration to report to specified committees of the General Assembly by December 1, 2004.

History by Legislative Date

House Action
2/2
First Reading Economic Matters
Hearing 2/10 at 1:00 p.m.
4/9
Favorable with Amendments Report by Economic Matters
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/6
Third Reading Passed (131-1)
4/10
Returned Passed
5/26
Governor vetoed - Duplicative
Senate Action
4/8
First Reading Senate Rules
4/9
Re-referred Finance
4/12
Favorable Report by Finance
4/10
Favorable Report Adopted
Second Reading Passed
Motion two readings same day Const/Rule 24 (Senator Middleton) Adopted
Third Reading Passed (42-0)
Sponsored by:
Chairman, Econ. Matters Comm.
Departmental
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
DISCRIMINATION
INSURANCE ADMINISTRATION
MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND
PRICES -see also- CONSUMER PRICE INDEX
REPORTS
SUNSET
Bill affects the following Statute:
Insurance
( 27-501 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 563991/01 (PDF)     Offered on: April 9, 2004   at: 11:22 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
April 6, 2004: Third Reading Passed (131-1)
Senate
April 10, 2004: Third Reading Passed (42-0)
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