Legislation - SB0469

Title: Maryland Automobile Insurance Fund - Affordability Program and Industry Automobile Insurance Association Assessments
Sponsored by: Senator Hayes
Status: In the House - First Reading Judiciary
Analysis: Fiscal and Policy Note

Synopsis

Altering the cap, from 3% to 1%, on a certain assessment allocation percentage required to be calculated by the Board of Directors of the Industry Automobile Insurance Association; and authorizing the Executive Director of the Fund to establish an affordability program subject to certain requirements and modification under certain circumstances.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Judiciary

Committee Testimony

Witness List

Details

Cross-filed with: HB0816

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/02/2026 Legislative Date 2/02/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Automobile Insurance Fund - Affordability - Purpose of Fund and Authorized Program Proceedings
Chamber Senate Calendar Date 2/04/2026 Legislative Date 2/04/2026 Action Hearing 2/18 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/20/2026 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/04/2026 Action Favorable with Amendments {473727/1 Adopted Proceedings 43 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/04/2026 Action Floor Amendment {633223/1 (Senator Beidle) Adopted Proceedings 43 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/04/2026 Action Second Reading Passed with Amendments Proceedings 43 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Automobile Insurance Fund - Affordability Program and Industry Automobile Insurance Association Assessments Proceedings
Chamber Senate Calendar Date 3/23/2026 Legislative Date 3/06/2026 Action Third Reading Passed (44-0) Proceedings 45 Click to view Recorded Media
Chamber House Calendar Date 3/23/2026 Legislative Date 3/11/2026 Action Referred Judiciary Proceedings 48 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/02/2026	2/02/2026	First Reading Finance
			Text - First - Maryland Automobile Insurance Fund - Affordability - Purpose of Fund and Authorized Program
Senate	2/04/2026	2/04/2026	Hearing 2/18 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/20/2026	3/20/2026	Favorable with Amendments Report by Finance
Senate	3/20/2026	3/04/2026	Favorable with Amendments {473727/1 Adopted	43 Click to view Recorded Media
Senate	3/20/2026	3/04/2026	Floor Amendment {633223/1 (Senator Beidle) Adopted	43 Click to view Recorded Media
Senate	3/20/2026	3/04/2026	Second Reading Passed with Amendments	43 Click to view Recorded Media
			Text - Third - Maryland Automobile Insurance Fund - Affordability Program and Industry Automobile Insurance Association Assessments
Senate	3/23/2026	3/06/2026	Third Reading Passed (44-0)	45 Click to view Recorded Media
House	3/23/2026	3/11/2026	Referred Judiciary	48 Click to view Recorded Media

File Code

Subjects

Statutes