← All regulatory updates

state_legiscan_drain · MD

Maryland Automobile Insurance Fund - Affordability Program and Industry Automobile Insurance Association Assessments

February 2, 2026

Summary

If enacted, this bill would reduce the assessment allocation cap for the Industry Automobile Insurance Association from 3% to 1% and authorize the Executive Director of the Maryland Automobile Insurance Fund to establish an affordability program for auto insurance, subject to specified requirements and modification provisions.

Source: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0469?ys=2026RS

Common questions

What does "Maryland Automobile Insurance Fund - Affordability Program and Industry Automobile Insurance Association Assessments" cover?
If enacted, this bill would reduce the assessment allocation cap for the Industry Automobile Insurance Association from 3% to 1% and authorize the…
When was it published?
It was published on February 2, 2026.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.