Finance Companies
Maryland 2015 Regular Session
Property and Casualty Insurance - Premium Finance Companies - Assignment of Rights and Obligations - Repeal of Termination Date [SB-142]
Repealing the termination date of specified provisions of law relating to the authority of a premium finance company, with respect to specified motor vehicle insurance, personal insurance, and commercial insurance, to assign rights and obligations under a premium finance agreement and to pledge a premium finance agreement as collateral for a loan.
Sponsored by: Sen. Joanne Benson
Approved By The Governor - Chapter 16 on 04/14/2015
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Gettr Maryland 2012 Regular Session
Insurance - Suspected Fraud - Liability for Reporting or for Furnishing or [SB-812]
Altering the list of persons to whom a person may report suspected insurance fraud and not be subject to civil liability; and providing that a person is not subject to civil liability for furnishing or receiving information related to suspected, anticipated, or completed fraudulent insurance acts under specified circumstances.
Sponsored by: Sen. John Astle
Approved By The Governor on 05/22/2012
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Maryland 2012 Regular Session
Insurance - Suspected Fraud - Liability for Reporting or for Furnishing or [HB-1097]
Altering the list of persons to whom a person may report suspected insurance fraud and not be subject to civil liability; and providing that a person is not subject to civil liability for furnishing or receiving information related to suspected, anticipated, or completed fraudulent insurance acts under specified circumstances.
Sponsored by: Rep. David Rudolph
Approved By The Governor on 05/22/2012
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Maryland 2011 Regular Session
Maryland Automobile Insurance Fund - Acceptance of Premiums on Installment [SB-43]
Authorizing the Maryland Automobile Insurance Fund to accept premiums on an installment basis under specified circumstances; requiring the Maryland Insurance Commissioner to ensure specified provisions of the Fund's installment payment plan; prohibiting the Fund from discriminating among insureds in a specified manner; prohibiting the Fund from paying a higher commission to specified producers; requiring the Maryland Insurance Commissioner to study the enforcement of eligibility criteria for coverage in the Fund; etc.
Sponsored by: Sen. Nathaniel McFadden
Unfavorable Report By Finance Withdrawn on 02/07/2011
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Maryland 2010 Regular Session
Bail Bonds - Surety Bondsmen - Licensure, Regulation, and Financing of Bail [SB-841]
Requiring licensure by the Maryland Insurance Commissioner of bail bondsmen except for property bondsmen; authorizing the Commissioner to take specified disciplinary action in connection with specified violations; authorizing a premium finance company to finance bail bonds under specified circumstances; requiring the Commissioner to adopt regulations regarding the premium financing of bail bonds; defining the scope of specified provisions; providing for the repeal of laws inconsistent with the Act; etc.
Sponsored by: Sen. Joan Conway
Unfavorable Report By Finance Withdrawn on 04/09/2010
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Maryland 2010 Regular Session
Insurance - Premium Finance Companies - Limitation on Referrals by Insurance [SB-644]
Prohibiting, with respect to personal lines automobile insurance written through the Maryland Automobile Insurance Fund, an insurance producer or an agent or employee of an insurance producer from directing or referring an insured to a premium finance company in which the insurance producer, agent, or employee has a specified beneficial interest or with which the insurance producer, agent, or employee has a specified compensation arrangement; etc.
Sponsored by: Sen. James Rosapepe
Hearing 3/16 At 1:00 P.m. on 02/24/2010
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Maryland 2010 Regular Session
Insurance - Premium Finance Companies - Premium Finance Agreement Terms - [SB-642]
Requiring a premium finance company that offers premium financing to individuals who are insured under a policy of personal lines automobile insurance written through the Maryland Automobile Insurance Fund to disclose to the Maryland Insurance Commissioner specified rates, fees, and other terms and conditions applicable to the premium financing; etc.
Sponsored by: Sen. James Rosapepe
Hearing 3/16 At 1:00 P.m. on 02/24/2010
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Maryland 2010 Regular Session
Insurance - Premium Finance Companies - Acceptance of Consideration During Term [SB-641]
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.
Sponsored by: Sen. James Rosapepe
Hearing 3/16 At 1:00 P.m. on 02/24/2010
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Maryland 2010 Regular Session
Maryland Automobile Insurance Fund - Acceptance of Premiums on Installment [SB-401]
Authorizing the Maryland Automobile Insurance Fund to accept premiums on an installment basis under specified circumstances; requiring the Maryland Insurance Commissioner to ensure specified provisions of the Fund's installment payment plan; prohibiting the Fund from discriminating among insureds in a specified manner; prohibiting the Fund from paying a higher commission to specified producers; requiring the Maryland Insurance Commissioner to study the enforcement of eligibility criteria for coverage in the Fund; etc.
Sponsored by: Sen. Joan Conway
Hearing 3/16 At 1:00 P.m. on 02/24/2010
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Maryland 2010 Regular Session
Maryland Automobile Insurance Fund - Acceptance of Premiums on Installment [HB-317]
Authorizing the Maryland Automobile Insurance Fund to accept premiums on an installment basis under specified circumstances; requiring the Maryland Insurance Commissioner to ensure specified provisions of the Fund's installment payment plan; prohibiting the Fund from discriminating among insureds in a specified manner; prohibiting the Fund from paying a higher commission to specified producers; requiring specified written and electronic communications to include a specified statement under specified circumstances; etc.
Sponsored by: Sen. Joanne Benson
Hearing 3/16 At 1:00 P.m. on 02/18/2010
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Maryland 2010 Regular Session
Bail Bonds - Surety Bondsmen - Licensure, Regulation, and Financing of Bail [HB-1489]
Requiring licensure by the Maryland Insurance Commissioner of bail bondsmen except for property bondsmen; authorizing the Commissioner to take specified disciplinary action in connection with specified violations; authorizing a premium finance company to finance bail bonds under specified circumstances; requiring the Commissioner to adopt regulations regarding the premium financing of bail bonds; defining the scope of specified provisions; providing for the repeal of laws inconsistent with the Act; etc.
Sponsored by: Rep. Keith Haynes
Unfavorable Report By Judiciary on 04/10/2010
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Maryland 2020 Regular Session
Commercial Law – Automobile Financing Charges – Required Dealer Disclosures [HB-655]
Requiring a dealer who participates in finance charges associated with a contract for the sale of a vehicle to disclose certain information to a buyer in writing on a document that is separate from the financing agreement before executing a financing agreement on a contract for the sale of a vehicle; etc.
Sponsored by: Rep. Nick Mosby
Motion Special Order Until 3/18 (delegate Dumais) Adopted on 03/17/2020
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Maryland 2017 Regular Session
Financial Institutions - Mortgage Lenders - Examinations and Records [HB-142]
Altering the time period during which the Commissioner of Financial Regulation must examine the business of specified mortgage lender licensees from at least once during any 36-month period to at least once during any 60-month period; and altering the minimum time period for which licensed mortgage lenders must retain specified records from 25 to 61 months.
Sponsored by: Rep.
Hearing 2/08 At 1:00 P.m. on 02/08/2017