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Ch. 14
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740
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LAWS OF MARYLAND
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INSURANCE SETTLEMENT.
(A) WHEN VEHICLE IS TRANSFERRED.
(1) NOTWITHSTANDING ANY OTHER PROVISION TO
THE CONTRARY, IF, AS A RESULT OF A TOTAL LOSS INSURANCE
SETTLEMENT, A VEHICLE IS TRANSFERRED AS SALVAGE, THE
INSURANCE COMPANY, ITS AUTHORIZED AGENT, OR THE VEHICLE
OWNER SHALL SEND THE CERTIFICATE OF TITLE OF THE VEHICLE
TO THE ADMINISTRATION WITHIN 10 DAYS FROM THE DATE OF THE
SETTLEMENT.
(2) ON PAYMENT OF A FEE OF $2, THE
ADMINISTRATION SHALL ISSUE A SALVAGE CERTIFICATE IN THE
NAME OF THE INSURANCE COMPANY OR VEHICLE OWNER. ON
RECEIPT OF THE SALVAGE CERTIFICATE, THE INSURANCE COMPANY
OR VEHICLE OWNER PROMPTLY SHALL ENDORSE AN ASSIGNMENT OF
OWNERSHIP AND GIVE THE CERTIFICATE TO THE PERSON WHO
ACQUIRED THE VEHICLE AS SALVAGE.
(3) THE RECORDS OF THE ADMINISTRATION SHALL
BE MARKED TO INDICATE:
(I) THAT THE VEHICLE WAS TRANSFERRED AS
SALVAGE; AND
(II) THAT THE VEHICLE MAY NOT BE TITLED OR
REGISTERED FOR OPERATION IN THIS STATE EXCEPT IN
ACCORDANCE WITH SUBSECTION (B) OF THIS SECTION.
(B) WHEN VEHICLE IS RESTORED TO OPERATION.
(1) IF THE SALVAGE VEHICLE IS REBUILT AND
RESTORED TO OPERATION, THE VEHICLE MAY NOT BE TITLED AND
REGISTERED FOR OPERATION UNTIL:
(I) A CERTIFICATE OF INSPECTION IS SUBMITTED
TO THE ADMINISTRATION BY A REPRESENTATIVE OF A COUNTY
POLICE DEPARTMENT OR THE STATE POLICE; AND
(II) IF THE VEHICLE IS A CLASS A (PASSENGER)
VEHICLE, A CLASS E (TRUCK) ONE-HALF OR THREE-QUARTER TON
VEHICLE, OR A CAMPING TRAILER OR TRAVEL TRAILER, A
CERTIFICATE OF INSPECTION FOR TITLING AND REGISTRATION OF
USED VEHICLES IS SUBMITTED TO THE ADMINISTRATION, AS
REQUIRED BY TITLE 23 OF THIS ARTICLE.
(2) ON RECEIPT OF THE REQUIRED CERTIFICATES
OF INSPECTION AND THE SALVAGE CERTIFICATE:
(I) THE ADMINISTRATION SHALL ISSUE A NEW
CERTIFICATE OF TITLE; AND
(II) THE RECORDS OF THE ADMINISTRATION SHALL
BE MARKED TO INDICATE THAT THE VEHICLE NO LONGER IS A
SALVAGE VEHICLE.
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REVISOR'S NOTE: This section presently appears as
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