2006 Regular Session

HOUSE BILL 1371

File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 887
Sponsored By:
Delegates Krysiak, Anderson, Conroy, Feldman, Kirk, McHale, Moe, and Vaughn
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

House Action
2/10
First Reading Economic Matters
2/15
Hearing 3/8 at 1:00 p.m.
3/20
Unfavorable Report by Economic Matters
Senate Action
No Action

Sponsored by:

Delegate Carolyn J. Krysiak, District 46
Delegate Curt Anderson, District 43
Delegate Mary A. Conroy, District 23A
Delegate Brian J. Feldman, District 15
Delegate Ruth M. Kirk, District 44
Delegate Brian K. McHale, District 46
Delegate Brian R. Moe, District 21
Delegate Michael L. Vaughn, District 24

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