- Title
- Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study
- Sponsored by
- Delegates Fraser-Hidalgo and Wilson
- Status
- In the House - First Reading Economic Matters
- Analysis
Synopsis
Requiring the Maryland Automobile Insurance Fund to calculate and report its risk based capital level in accordance with certain provisions of insurance law and maintain total adjusted capital in a certain amount; requiring the Maryland Insurance Commissioner to review and determine the adequacy of an RBC plan filed by the Fund; establishing that certain provisions of insurance law regarding prior approval rate making apply to the Fund during a certain time period and under certain circumstances; etc.
Committees
- Original:
- Economic Matters
Details
Bill File Type: Regular
Effective Date(s): July 1, 2025
Creates a Task Force or Commission
History
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File Code
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Subjects
Statutes
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(
20-306, 20-507
)
Last Updated: 2/5/2025 4:52 PM
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