Legislation - HB1098

Title: Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study
Sponsored by: Delegates Fraser-Hidalgo and Wilson
Status: In the Senate - Hearing 3/27 at 1:00 p.m.
Analysis: Fiscal and Policy Note (Revised)

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; 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; requiring the Maryland Insurance Administration to establish a workgroup to study automobile insurance affordability; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/05/2025 Legislative Date 2/05/2025 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/06/2025 Legislative Date 2/06/2025 Action Hearing 2/19 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/15/2025 Legislative Date 3/15/2025 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/15/2025 Legislative Date 3/06/2025 Action Favorable with Amendments {123526/1 Adopted Proceedings 46 Click to view Recorded Media
Chamber House Calendar Date 3/15/2025 Legislative Date 3/06/2025 Action Floor Amendment {723223/1 (Chair, Economic Matters Committee) Adopted Proceedings 46 Click to view Recorded Media
Chamber House Calendar Date 3/15/2025 Legislative Date 3/06/2025 Action Second Reading Passed with Amendments Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study Proceedings
Chamber House Calendar Date 3/17/2025 Legislative Date 3/09/2025 Action Third Reading Passed (107-31) Proceedings 49 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2025 Legislative Date 3/02/2025 Action Referred Finance Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2025 Legislative Date 3/20/2025 Action Hearing 3/27 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/05/2025	2/05/2025	First Reading Economic Matters
House	2/06/2025	2/06/2025	Hearing 2/19 at 1:00 p.m.
			Text - First - Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/15/2025	3/15/2025	Favorable with Amendments Report by Economic Matters
House	3/15/2025	3/06/2025	Favorable with Amendments {123526/1 Adopted	46 Click to view Recorded Media
House	3/15/2025	3/06/2025	Floor Amendment {723223/1 (Chair, Economic Matters Committee) Adopted	46 Click to view Recorded Media
House	3/15/2025	3/06/2025	Second Reading Passed with Amendments	46 Click to view Recorded Media
			Text - Third - Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study
House	3/17/2025	3/09/2025	Third Reading Passed (107-31)	49 Click to view Recorded Media
Senate	3/17/2025	3/02/2025	Referred Finance	50 Click to view Recorded Media
Senate	3/20/2025	3/20/2025	Hearing 3/27 at 1:00 p.m.

File Code

Subjects

Statutes