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