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2007 Laws of Maryland
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Ch. 150
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FOR the purpose of authorizing an insured, in a certain civil action between an
insured and an insurer, to recover certain damages, expenses and litigation
costs, and interest computed at a certain rate and from a certain date, and
actual compensatory damages, if the court finds that the insurer failed to act in
good faith acted in bad faith; requiring an insured to send a certain notice to the
insurer before filing a certain civil action; providing for the application and
construction of this Act; and generally relating to the liability of an insurer for
failure to act in good acting in bad faith the recovery of actual damages,
expenses, litigation costs, and interest in first-party claims against property and
casualty insurers under certain circumstances; providing that the interest is to be
computed at a certain rate and from a certain date; requiring a clerk of a court to
file a copy of certain verdicts and other dispositions with the Maryland
Insurance Administration: providing that a failure to act in good faith under
certain circumstances constitutes an unfair claim settlement practice for certain
purposes; providing for certain penalties; providing for certain restitution in
certain proceedings under certain circumstances; providing for certain
procedures; providing for a certain appeal to a circuit court from a final decision
under certain circumstances: providing for the tolling of certain limitations
under certain circumstances: requiring the Administration to report annually on
certain matters to the General Assembly on or before a certain date: defining
certain terms; providing for the application of this Act: and generally relating to
certain proceedings concerning property and casualty insurers who fail to act in
good faith in settling a first-party claim under certain circumstances.
BY repealing and reenacting. with amendments.
Article 1 - Rules of Interpretation
Section 32
Annotated Code of Maryland
(2005 Replacement Volume and 2006 Supplement)
BY adding to
Article - Courts and Judicial Proceedings
Section 3-1701 to be under the new subtitle "Subtitle 17. Liability of Insurer";
and 5-118
Annotated Code of Maryland
(2006 Replacement Volume)
BY repealing and reenacting. with amendments.
Article - Insurance
Section 27-303(7) and (8), 27-304(16) and (17), and 27-305(a) and (c)
Annotated Code of Maryland
(2006 Replacement Volume and 2006 Supplement)
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BY adding to
Article - Insurance
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- 1254 -
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