MD TRANSPORTATION 13-506-1

Maryland Transportation Code Section 13-506.1 (2023) - Claim Settlement on a Salvage Vehicle (a) An insurance company shall promptly notify the Administration if: (1) The company makes a claim settlement on a vehicle that is salvage; and (2) The owner retains possession of the vehicle. (b) The notice under subsection (a) of this section shall: (1) Be accompanied by the title to the vehicle and a fee established by the Administration under § 13–117 of this title for a corrected title; (2) Include the name of the vehicle’s owner and a description of the vehicle; and (3) Include a statement by the insurance company that the salvage certificate bears a notation under § 13–506(c)(2)(ii)1, 2, 3, or 4 of this subtitle. (c) On receipt of the notice under subsection (a) of this section, the Admini...