|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 350 2006 LAWS OF MARYLAND
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved May 2, 2006.
|
|
|
|
|
|
|
|
|
|
CHAPTER 350
(House Bill 760)
|
|
|
|
|
|
|
|
|
|
AN ACT concerning
|
|
|
|
|
|
|
|
|
Insurance - Private Passenger Motor Vehicle Liability Insurance -
Cancellations, Failures to Renew, Reductions in Coverage, and Premium
Increases
FOR the purpose of providing that certain insurers may cancel, fail to renew, or
reduce coverage under a binder or policy of private passenger motor vehicle
insurance under certain circumstances; altering the contents of a certain notice
of proposed action; requiring an insurer's statement of actual reason for a
proposed action to include a brief statement of the basis for the action;
specifying the minimum contents of the statement; altering the circumstances
under which the Maryland Insurance Commissioner is prohibited from
disallowing a proposed action of an insurer; repealing a provision of law that
authorizes the Commissioner to adopt certain regulations; altering a certain
burden of proof; providing that a notice of premium increase for private
passenger motor vehicle liability insurance may be included in a renewal offer or
policy; providing for the form and contents of the notice; authorizing an insured
to protest certain premium increases and request a certain hearing under
certain circumstances; establishing the criteria the Commissioner must use in
. dismissing a protest or disallowing the proposed action of an insurer;
authorizing the Commissioner to order a stay of a premium increase under
certain circumstances; prohibiting the Commissioner from dismissing a protest
under certain circumstances: altering the amount of interest an insurer is
required to pay to an insured under certain circumstances; authorizing the
Maryland Insurance Administration to establish a certain pilot program;
requiring the Administration to report to certain committees of the General
Assembly on the pilot program on or before a certain date: making conforming
and stylistic changes; providing for the application of this Act; providing for a
delayed effective date; and generally relating to private passenger motor vehicle
liability insurance.
BY repealing and reenacting, with amendments,
Article - Insurance
Section 27-605
Annotated Code of Maryland
(2002 Replacement Volume and 2005 Supplement)
BY adding to
|
|
|
|
|
|
|
|
|
|
- 1838 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
