PARRIS N. GLENDENING, Governor                             Ch. 516

occupying, or struck as a pedestrian by, the insured motor vehicle operated or used by a
person excluded from coverage under § 240C-1 of this article.

(vi) The coverage required under this subsection shall be primary to
any right to recovery from the Maryland Automobile Insurance Fund pursuant to § 243H
of this article.

(3) The limit of liability for an insurer providing uninsured motorist
coverage under this subsection is the amount of that coverage less the [sum of the limits]
AMOUNT PAID TO THE INSURED under THAT EXHAUSTS [the] ANY APPLICABLE
liability insurance policies, bonds, and securities ON BEHALF OF ANY PERSON WHO MAY
BE HELD LIABLE FOR [applicable to] the bodily [injury] INJURIES or death of the
insured.

SECTION 2. AND BE IT FURTHER ENACTED. That the provisions of this Act
shall apply to any cause of action arising on or after October 1, 1995.

SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1995.

Approved May 25, 1995.

CHAPTER 516
(Senate Bill 253)

AN ACT concerning

Insurance - Uninsured Motor Vehicles - Settlement Procedures

FOR the purpose of requiring an injured person to notify submit to that person's
uninsured motorist insurer a copy of a settlement offer by a motor vehicle insurance
liability insurer under certain circumstances; requiring the uninsured motorist
insurer to pay the injured person the amount of a liability insurer's settlement offer
under certain circumstances; providing for the application of this Act; and generally
relating to insurance claims involving uninsured motorist coverage.

BY repealing and reenacting, with amendments,
Article 48A - Insurance Code
Section 542

Annotated Code of Maryland
(1994 Replacement Volume and 1994 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

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