MD SB531 | 2012 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on May 2 2012 - 100% progression
Action: 2012-05-02 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on May 2 2012 - 100% progression
Action: 2012-05-02 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Summary
Requiring an insurer that discovers a material risk factor during the 45-day underwriting period to recalculate the premium for a policy or binder of personal insurance, commercial property insurance, or commercial liability insurance under specified circumstances; requiring the insurer to provide written notice to the insured on a specified form if the insurer recalculates the premium for the policy or binder based on the discovery of a material risk factor; etc.
Title
Property and Casualty Insurance - Underwriting Period - Discovery of Material
Sponsors
Roll Calls
2012-04-03 - House - Third Reading Passed (Y: 125 N: 0 NV: 4 Abs: 12) [PASS]
2012-04-03 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2012-03-22 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2012-04-03 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2012-03-22 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-02 | Approved by the Governor | |
| 2012-04-03 | Third Reading Passed with Amendments (125-0) | |
| 2012-04-03 | Floor Amendment (Delegate Rudolph) 963229/1 Adopted | |
| 2012-04-02 | Special Order until next session (Delegate Rudolph) Adopted | |
| 2012-03-31 | Special Order until 4/6 (Delegate Rudolph) Adopted | |
| 2012-03-30 | Second Reading Passed | |
| 2012-03-30 | Favorable Report Adopted | |
| 2012-04-04 | Favorable Report by Economic Matters | |
| 2012-03-24 | First Reading Economic Matters | |
| 2012-04-03 | Passed Enrolled | |
| 2012-04-03 | Third Reading Passed (47-0) | |
| 2012-04-03 | Senate Concur - House Amendment | |
| 2012-03-22 | Third Reading Passed (46-0) | |
| 2012-03-19 | Second Reading Passed with Amendments | |
| 2012-03-19 | Favorable with Amendments 477877/1 Report Adopted | |
| 2012-03-22 | Favorable with Amendments Report by Finance | |
| 2012-02-03 | Hearing 2/28 at 1:00 p.m. | |
| 2012-02-03 | First Reading Finance |
