HB1098: Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study
Legislative Summary
Requiring the Maryland Automobile Insurance Fund to calculate and report its risk based capital level in accordance with certain provisions of insurance law and maintain total adjusted capital in a certain amount; establishing that certain provisions of insurance law regarding prior approval rate making apply to the Fund during a certain time period and under certain circumstances; requiring the Maryland Insurance Administration to establish a workgroup to study automobile insurance affordability; etc.
Demographic Impact
Overall analysis of equity impact
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Bill History
Amendments
Favorable with Amendments 963829/1 Adopted
Favorable with Amendments 963829/1 Adopted
Favorable with Amendments 123526/1 Adopted
Favorable with Amendments 123526/1 Adopted
Floor Amendment 723223/1 (Chair, Economic Matters Committee) Adopted
Floor Amendment 723223/1 (Chair, Economic Matters Committee) Adopted
