MD HB1159

Establishes a minimum acceptable loss ratio of 85% for property and casualty insurers in Maryland, defined as incurred claims divided by premium revenue for the reporting year

Requires insurers to provide rebates to policyholders when their actual loss ratio falls below the 85% threshold

Rebate amount calculated by multiplying the insured's premium (after subtracting taxes, fees, and accounting for risk adjustment/reinsurance) by the difference between 85% and the insurer's actual loss ratio

Grants the Insurance Commissioner authority to adopt regulations to implement the requirements

Effective date: October 1, 2025