Posted On: April 7, 2010
New Maryland Law: Maryland Car Insurance Limits to Increase
The Maryland Senate passed HB 825 which increases the minimum minimum limits of car insurance liability coverage in Maryland from $20,000.00/$40,000.00 to $30,000.00/$60,000.00. The Maryland House of Delegates has already approved the bill and the Governor is expected to sign the bill in the near future. The bill will go into effect next year.
Again, this bill is long overdue and is not going to provide a real solution to serious injury and wrongful death cases where there is inadequate insurance. It is a moderate but meaningful step in the right direction.
- Commentary on Jay Handcock's Blog Post on Bill
- John Bratt Provides Details and Explains Why Bill is Overdue
Comments
I also agree with you. if we follow the House bill 825, it has mentioned that Increasing the least amount of the required security for vehicles for the payment of claims for physically injury or death arising from a auto accident from $20,000 to $30,000 for one person and from $40,000 to $60,000 for two or more persons; applying the Act to all vehicle legal responsibility insurance policies issued, delivered, or rehabilitated in the State on or after January 1, 2011; etc.
Posted by: Anton Nickloi | August 12, 2010 2:53 AM