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§ 12-305. Motor vehicle liability insurance--mandatory settlement of property damage claim

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 12. Policy Forms and Provisions
Subtitle 3. Property and Motor Vehicle Liability Insurance (Refs & Annos)
MD Code, Insurance, § 12-305
§ 12-305. Motor vehicle liability insurance--mandatory settlement of property damage claim
Currentness
In general
(a) A claim for damage to property resulting from a motor vehicle accident may not be denied or payment of the claim delayed because the claimant, or another person, has a claim pending for bodily injury that may have arisen from the same or another accident.
Prompt payment of claim by insurer or self-insurer
(b) The amount payable for a claim for damage to property is due and owing immediately and shall be paid promptly by an insurer or by a self-insurer that is approved under § 17-103(a) of the Transportation Article if:
(1) the insurer or self-insurer has provided the coverage for the liable party; and
(2) there is no significant dispute about:
(i) the liability for the payment of the full property damages; or
(ii) the monetary amount of those damages, including:
1. if claimed, an amount for the loss of the use of the motor vehicle; and
2. the cost of obtaining an estimate of repairs.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 384B.
MD Code, Insurance, § 12-305, MD INSURANCE § 12-305
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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