Home Table of Contents

§ 12-306. Motor vehicle liability insurance--effect of 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, § 12-306
§ 12-306. Motor vehicle liability insurance--effect of settlement of property damage claim
Currentness
A settlement made by an insurer or a self-insurer approved under § 17-103(a) of the Transportation Article under a motor vehicle liability insurance policy of a claim arising from an accident or other event for damage to or destruction of property owned by another person:
(1) may not be construed as an admission of liability by the insured or recognition of liability by the insurer or self-insurer with respect to another claim arising from the same accident or event; and
(2) does not preclude a claim for bodily injury or other claims outside the scope of the settlement.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 384A, 384B.
MD Code, Insurance, § 12-306, MD INSURANCE § 12-306
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.
End of Document