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SB 372

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Civil Action - Surety Insurance - Failure to Act in Good Faith

Sponsor: Senator ReillyCommittee: FinanceSubject: Civil Actions and ProceduresStatus: Hearing 2/03 at 1:00 p.m. (as of Dec 1, 2021)

What this bill does

Official synopsis

Authorizing the recovery of actual damages, expenses, litigation costs, and interest in obligee claims against surety insurance providers under certain circumstances; applying certain provisions of law on unfair claim settlement practices to surety insurance; requiring an obligee to comply with certain procedures before bringing a certain claim against a surety insurance provider; applying the Act prospectively; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (11)

MGA witness list
FAV 4FavorableUNF 6UnfavorableINFO 1Information only
PositionWitnessOrganizationTestimony
FAVMcCulloch, ChampeMaryland AGCWritten (PDF)
FAVMoore, WilliamSouthway Builders, Inc.Oral
FAVJablon, BrianWellens & JablonOral
FAVSenator Reilly, Senator ReillylegislatorIndividualOral
UNFAndryszak, JohnlobbyistAttorneyOral
UNFPopham, BrysonlobbyistBryson F. Popham, P.A.Oral + Written (PDF)
UNFKirkner, AndrewNational Association of Mutual Insurance CompaniesOral
UNFBrackemyre, AdamSurety & Fidelity Association of AmericaOral + Written (PDF)
UNFPethick, Mary JeanZurich North AmericaOral
UNFEgan, NancylobbyistIndividualOral + Written (PDF)
INFOPaddy, MichaellobbyistMaryland Insurance AdministrationWritten (PDF)

Organizations on record

Registered lobbyists who testified

UNFAndryszak, JohnAttorneyRegistered for: Travelers Companies, Inc and Subsidiaries; Chubb & Sons, A Division of Federal Insurance Company; American International Group; National Association of Insurance and Financial Advisors of Maryland (NAIFA-MD); Competitive Power Ventures, Inc.
UNFPopham, BrysonBryson F. Popham, P.A.Registered for: Agency Insurance Company of Maryland; Agency Services, Inc.; Army Alliance; Bryson F. Popham P.A.; Building Owners and Managers Association of Greater Baltimore (BOMA); CVS Health
UNFEgan, NancyRegistered for: American Property Casualty Insurance Association
INFOPaddy, MichaelMaryland Insurance AdministrationRegistered for: American Cancer Society Cancer Action Network; Campaign to Protect Patient Health d/b/a Value of Care Coalition; Chase Brexton Health System; Diabetes Patient Advocacy Coalition; Gaudenzia, Inc.; Gilead Sciences, Inc.