MD LEG Vehicle Online Verificiation
On Apr. 4, MD LEG bill to require insurers to participate in program.
- MD LEG issued bill HB 229 (SB 254), on motor vehicle insurance company obligations.
- Require Motor Vehicle Administration (MVA) online verification program participation.
- Measure would repeal and reenact MD INS 17-104, article concerning transportation.
- Bill Provisions
- Would require motor vehicle insurers participate in MVA's online verification program.
- Participation for vehicle policies for law enforcement and administrative purposes.
- Insurers must provide MVA all active insurance policies in format, interval required.
- Legislative History
- On Jan. 10, 2024, bill was introduced in House; on Feb. 15, 2024, bill passed House.
- On Feb. 16, 2024, bill was introduced in Senate; on Apr. 3, 2024, bill passed Senate.
- On Apr. 4, 2024, bill was returned to House passed, pending signature of the governor.
- Effectiveness
- If enacted, bill would take effect Jan. 1, 2025.
- Apr. 2024 MD LEG Governor Approval
- On Apr. 9, 2024, MD LEG reported bill was approved by governor, Chapter 73, Ch. 74.
| Regulators |
MD LEG
|
| Entity Types |
Ins |
| Reference |
Ch. 73, 74, 4/9/2024; Bill HB0229, SB0254, 4/4/2024; Citation: MD INS 17-104; |
| Functions |
Compliance; Financial; Legal; Product Administration; Reporting |
| Countries |
United States of America |
| Category |
|
| State |
|
| Products |
Insurance; Insurance-Casualty; Insurance-Property |
| Regions |
Am |
| Rule Type |
Final |
| Rule Date |
4/4/2024 |
| Effective Date |
1/1/2025 |
| Rule Id |
207479 |
| Linked to |
N/A
|
| Reg. Last Update |
4/9/2024 |
| Report Section |
US Insurance |
Last substantive update on 04/12/2024
