SB0052

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
HB0283

Links

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Upcoming Events

Hearing
January 28, 2026 at 14:00
📍 Finance
Hearing - Finance Committee

Sponsors

Chair, Finance Committee
Maryland Insurance Administration
Departmental