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

Summary

The bill reduces the maximum assessment that the Industry Automobile Insurance Association can allocate from 3% to 1%. It also empowers the Executive Director of the Maryland Automobile Insurance Fund to set up a program that keeps rates affordable for drivers who cannot obtain coverage from association members. The changes aim to make required auto‑insurance coverage more accessible while preserving the Fund’s financial security.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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