MD HB1583

Maryland Insurance Administration must establish a workgroup to study creating a low-cost auto insurance program or economic relief credit program for low-income drivers

Workgroup membership includes one state Senator (Finance Committee), one Delegate (Judiciary Committee), the Insurance Commissioner, Executive Director of Maryland Automobile Insurance Fund, plus representatives from insurers, consumer advocates, and insurance producers

Study must examine eligibility criteria (income thresholds, driving records, vehicle values), coverage limits, funding mechanisms (self-funded vs. supplemental sources), and which entity should administer the program

Workgroup must submit findings and recommendations to the Governor and General Assembly by January 1, 2027

Act takes effect July 1, 2026 and automatically sunsets on June 30, 2027