HOUSE BILL 526

Sponsored By:

Delegate Holmes

Entitled:

Insurance - Premium Finance Companies - Authority to Cancel Policies Issued by Maryland Automobile Insurance Fund

Synopsis:

Prohibiting a premium finance company from using a power of attorney or other authority to cancel, on behalf of an insured, a private passenger automobile insurance policy issued to the insured by the Maryland Automobile Insurance Fund.

History by Legislative and Calendar Date

House Action

1/30

First Reading Economic Matters

2/7

Hearing 2/26 at 1:00 p.m.

2/11

Hearing cancelled

2/19

Withdrawn

Senate Action

No Action

Bill indexed under the following Subjects:

Contracts -see also- Land Installment Contracts; Procurement

Finance Companies

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Maryland Automobile Insurance Fund

Bill affects the following Statute:

Insurance

( 23-401 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Not available at this time

Amendments: None offered