HB0283

Property Insurance - Settlement of Claims and Notices

Establishing the method for calculating the measure of the actual cash value recovery in the settlement of a first-party claim under a residential or commercial property insurance policy issued or renewed on or after October 1, 2026; and requiring an insurer that renews a policy of homeowner's insurance or renter's insurance to notify the insured, in advance of the renewal, of certain differences between the expiring policy and the renewal policy.

Basic Information

Status
Chaptered
Session
2026 Regular Session
Type
Unknown
Cross-filed
SB0052

Links

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Upcoming Events

Hearing
February 03, 2026 at 13:00
📍 Judiciary
Hearing - Judiciary Committee

Sponsors

Maryland Insurance Administration
Departmental
Chair, Judiciary Committee