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PARRIS N. GLENDENING, Governor
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Ch. 553
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insurance through independent insurance producers to make a copy of a certain
statement available to its producers; repealing certain provisions of law relating
to increases in premiums for motor vehicle liability insurance; establishing that
certain errors or the inclusion of certain information in certain notices does not
invalidate the notices under certain circumstances; requiring a certain notice of
a proposed adverse action that is based wholly or partly on a credit score or
information from a credit report to contain certain information; prohibiting
certain insurers from increasing a renewal policy premium with respect to
motor vehicle liability insurance by a certain percentage unless a certain notice
is sent to the insured at a certain time; specifying the form and contents of the
notice; specifying the manner of sending the notice; establishing procedures for
protesting a renewal policy premium increase; requiring the Maryland
Insurance Commissioner to take certain actions on receipt of a protest;
authorizing the Commissioner to adopt certain regulations; prohibiting certain
insurers from increasing a renewal policy premium with respect to motor
vehicle liability insurance by less than a certain percentage unless a certain
notice is sent to the insured; providing that the protest of a certain premium
increase does not stay the proposed premium increase; requiring an insurer to
return certain disallowed premiums and certain interest on the premiums to an
insured under certain circumstances; establishing a certain administrative
penalty; defining certain terms; providing for the application of this Act;
requiring the Commissioner, in consultation with certain insurers, to conduct a
certain study and make certain recommendations; making this Act contingent
on the taking effect of another Act; providing for a delayed effective date for
certain provisions of this Act; and generally relating to premiums for motor
vehicle liability insurance.
BY repealing and reenacting, with amendments,
Article - Insurance
Section 11-317
Annotated Code of Maryland
(1997 Volume and 2001 Supplement)
BY adding to
Article—insurance
Section 27-605(b)(5) and 27-605.1
Annotated Code of Maryland
(1997 Volume and 2001 Supplement)
BY adding to
Article — Insurance
Section 27-501(e-l)
Annotated Code of Maryland
(1997 Volume and 2001 Supplement)
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BY repealing and reenacting, with amendments,
Article - Insurance
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- 4169 -
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