2006 Regular Session

SENATE BILL 261

File Code: Insurance - Other than Health
Sponsored By:
Senator Exum
Entitled:
Maryland Automobile Insurance Fund - Premium Rates - Prohibition of Subsidy

Synopsis:

Prohibiting the Insurance Commissioner from approving a premium rate filed by the Maryland Automobile Insurance Fund that is not actuarially justified or that allows for a subsidy to one geographic region or territory.

History by Legislative Date

Senate Action
1/25
First Reading Finance
2/1
Hearing 2/14 at 1:00 p.m.
3/13
Unfavorable Report by Finance
House Action
No Action

Bill indexed under the following Subjects:

INSURANCE ADMINISTRATION
MARYLAND AUTOMOBILE INSURANCE FUND
MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND
PRICES -see also- CONSUMER PRICE INDEX

Bill affects the following Statutes:

Insurance
( 20-507 , 20-507 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered