2006 Regular Session

SENATE BILL 887

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 1371
Sponsored By:
Senator Exum
Entitled:
Insurance - Maryland Automobile Insurance Fund - Calculation and Use of Surplus

Synopsis:

Requiring the Maryland Automobile Insurance Fund to calculate the surplus of the Fund by a specified date; providing that if the surplus exceeds a specified percent of net direct written premiums, the Fund shall file with the Maryland Insurance Commissioner for a reduction in specified premiums charged; providing that the reduction in premiums shall apply equally among specified policyholders; etc.

History by Legislative Date

Senate Action
2/13
First Reading Senate Rules
2/16
Re-referred Finance
2/17
Hearing 2/28 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 Statute:

Insurance
( 20-507 )

Documents:

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