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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 19. PROPERTY AND CASUALTY INSURANCE |
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SUBTITLE 1. GENERAL PROVISIONS |
§ 19-113. Settlement of claims
Latest version.
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(a) In general. -- A parent of a minor or person in loco parentis of the minor may settle a claim under a liability insurance policy brought by the parent or person in loco parentis for the benefit of the minor.
(b) Payment of settlement. -- The payment of a settlement of a claim made under this section for the benefit of a minor shall comply with Title 13, Subtitle 4 of the Estates and Trusts Article.