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MarylandHB 10982025 Regular SessionHouseWALLET

Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study

Sponsored By: David Fraser-Hidalgo (Democratic)

Signed by Governor

Insurance - Other than HealthAssessments -see also- Property TaxClassifications and DesignationsCommittees and CommissionsFees -see also- Attys' Fees; Devt Fees & TaxesInsurance AdministrationMotor Vehicle InsurancePrices -see also- Consumer Price IndexReportsRevenue and Taxes -see also- (specific tax)Standards and Best PracticesStudies -see also- Commitees & Commissions; ReportsSunset

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Maryland auto fund faces stronger financial oversight

The Maryland Automobile Insurance Fund must calculate and report its risk-based capital, a measure of its financial strength. Beginning December 31, 2026, its total adjusted capital must meet or exceed its required company action level. State rate-review rules apply to its premium decisions and rate filings from July 1 through December 31, 2025. Beginning January 1, 2026, those rules apply when its reported capital falls below the required amount. These changes do not set premiums or guarantee savings for policyholders.

Maryland auto insurers face special assessment rules

For the Maryland Automobile Insurance Fund’s 2025 operating results only, its board has special authority to certify an insurer assessment. It may certify the greater of the statutory calculation or a board-selected amount up to $20 million. The certification deadline is March 15, 2026. The assessment applies to insurers subject to it, not directly to households.

Sponsors & Cosponsors

Sponsor

  • David Fraser-Hidalgo

    Democratic • House

Cosponsors

  • C. T. Wilson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 195 • No: 33

Senate vote • 4/7/2025

Third Reading Passed

Yes: 43 • No: 2 • Other: 2

Senate vote • 4/4/2025

Third Reading Passed

Yes: 45 • No: 0 • Other: 1

House vote • 3/17/2025

Third Reading Passed

Yes: 107 • No: 31 • Other: 1

Actions Timeline

  1. Approved by the Governor - Chapter 395

    5/6/2025

  2. Returned Passed

    4/7/2025House

  3. Third Reading Passed (43-2)

    4/7/2025Senate

  4. Senate Recede

    4/7/2025Senate

  5. House Conference Committee Appointed (Delegates Fraser-Hidalgo, A. Johnson and Pippy)

    4/7/2025Senate

  6. House Requests Senate Recede

    4/7/2025Senate

  7. House Refuses Concur Senate Amendments

    4/7/2025Senate

  8. House Conference Committee Appointed (Delegates Fraser-Hidalgo, A. Johnson and Pippy)

    4/5/2025House

  9. House Requests Senate Recede

    4/5/2025House

  10. House Refuses Concur Senate Amendments

    4/5/2025House

  11. Third Reading Passed (45-0)

    4/4/2025Senate

  12. Second Reading Passed with Amendments

    4/4/2025Senate

  13. Favorable with Amendments {963829/1 Adopted

    4/4/2025Senate

  14. Favorable with Amendments Report by Finance

    4/4/2025Senate

  15. Hearing 3/27 at 1:00 p.m.

    3/20/2025Senate

  16. Referred Finance

    3/17/2025Senate

  17. Third Reading Passed (107-31)

    3/17/2025House

  18. Second Reading Passed with Amendments

    3/15/2025House

  19. Floor Amendment {723223/1 (Chair, Economic Matters Committee) Adopted

    3/15/2025House

  20. Favorable with Amendments {123526/1 Adopted

    3/15/2025House

  21. Favorable with Amendments Report by Economic Matters

    3/15/2025House

  22. Hearing 2/19 at 1:00 p.m.

    2/6/2025House

  23. First Reading Economic Matters

    2/5/2025House

Bill Text

  • Enacted

    5/6/2025

    PDF

  • Third Reading

    3/15/2025

    PDF

  • First Reading

    2/6/2025

    PDF

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