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