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MD SB697

Bill

Official Source

Status

Introduced

1/30/2025

Primary Sponsor

Pamela Beidle

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Premium discounts offered by the Maryland Automobile Insurance Fund (MAIF) must be based on the insured person's income level
  • All premium reductions provided by MAIF must be actuarially justified
  • Adds new subsection 20-507(i) to the Insurance Article of the Annotated Code of Maryland
  • Effective date: October 1, 2025

Legislative Description

Maryland Automobile Insurance Fund - Premium Discounts - Methodology

Fees

Last Action

Hearing 3/05 at 1:00 p.m.

2/6/2025

Committee Referrals

Finance1/30/2025

Full Bill Text

No bill text available