state_legiscan_drain · MD
Maryland Automobile Insurance Fund - Fund Producer Commission Rate
February 13, 2026
Summary
If enacted, this bill would lower the minimum commission rate the Maryland Automobile Insurance Fund must pay to a fund producer from 10% to 5% of the premium for private passenger auto insurance policies. It would also prohibit the Fund from paying a commission to a producer for policies written directly by the Fund without a producer's involvement. The change primarily affects insurance producers and the Fund itself.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1387?ys=2026RS
Common questions
- What does "Maryland Automobile Insurance Fund - Fund Producer Commission Rate" cover?
- If enacted, this bill would lower the minimum commission rate the Maryland Automobile Insurance Fund must pay to a fund producer from 10% to 5% of the…
- When was it published?
- It was published on February 13, 2026.