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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 12. POLICY FORMS AND PROVISIONS |
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SUBTITLE 3. PROPERTY AND MOTOR VEHICLE LIABILITY INSURANCE |
§ 12-306. Motor vehicle liability insurance -- Effect of settlement of property damage claim
Latest version.
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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.