2008 Regular Session


File Code: Insurance - Other than Health
Sponsored By:
Delegate Davis
Motor Vehicle Insurance - Financing of Premiums or Acceptance of Premiums on an Installment Basis by Insurer - Prohibited


Prohibiting an insurer that issues, sells, or delivers a motor vehicle insurance policy in the State from providing, directly or indirectly, for the financing of premiums and from accepting premiums on an installment basis; providing that a premium may be financed only by specified premium finance companies; providing that if a prospective insured's initial payment to specified persons is not honored, a policy or endorsement issued in reliance on that payment is void; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
First Reading Economic Matters
Hearing 2/26 at 1:00 p.m.
Senate Action
No Action

Bill indexed under the following Subjects:

Contracts -see also- Land Installment Contracts; Procurement
Finance Companies
Motor Vehicle Insurance -see also- MD Auto Insurance Fund

Bill affects the following Statute:

( 19-517 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered