Maryland Automobile Insurance Fund - Fund Producer Commission Rate

Summary

The bill changes the Maryland Automobile Insurance Fund’s rules so it no longer must pay a set minimum (previously 10%) to the producer who sells a private passenger auto policy. It also forbids the Fund from paying any commission when it issues a policy without a producer’s involvement. This gives the Fund flexibility to set lower commission rates and reduces costs on self‑written policies.

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

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