2010 Regular Session


File Code: Insurance - Other than Health
Sponsored By:
Senators Pugh, Harrington, Jones, Lenett, Madaleno, Raskin, and Rosapepe
Insurance - Premium Finance Companies - Acceptance of Consideration During Term of Premium Financing Agreement - Prohibited


Prohibiting an insurance producer, employee of an insurance producer, or any other person from accepting, directly or indirectly, any valuable consideration during the term of a premium finance agreement that was facilitated by the insurance producer, employee, or other person and finances premiums under a personal lines automobile insurance policy written through the Maryland Automobile Insurance Fund.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Finance
Hearing 3/16 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Catherine E. Pugh, District 40
Senator David C. Harrington, District 47
Senator Verna L. Jones, District 44
Senator Mike Lenett, District 19
Senator Richard S. Madaleno, Jr., District 18
Senator Jamie Raskin, District 20
Senator Jim Rosapepe, District 21

Bill indexed under the following Subjects:

Agents and Brokers
Fees -see also- Attys` Fees; Devt Fees & Taxes; Reimb Rates.
Finance Companies
Maryland Automobile Insurance Fund
Motor Vehicle Insurance -see also- MD Auto Insurance Fund

Bill affects the following Statute:

( 23-502 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered