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MarylandSB 04692026 Regular SessionSenateWALLET

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

Sponsored By: Antonio Hayes (Democratic)

Signed by Governor

Insurance - Other than HealthAssessments -see also- Property TaxConsumer ProtectionDiscriminationLow-IncomeMaryland Automobile Insurance FundPrices -see also- Consumer Price IndexRevenue and Taxes -see also- (specific tax)Sunset

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Bill Overview

Analyzed Economic Effects

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

Lower auto premiums for low-income drivers

Beginning July 1, 2027, Maryland’s auto insurance fund can run an Affordability Program for private passenger policies. The Commissioner reviews and must approve the program. You qualify if you meet the Fund’s policyholder rules and your household income is at or below 250% of the federal poverty level. The program can cap your premium at a lower rate, even if that rate is otherwise inadequate, as long as rates are not excessive or unfairly discriminatory. Safeguards apply: it cannot create more than a 20% overall inadequacy of the Fund’s net written premium, and it cannot push the private‑passenger assessment share over the legal limit. The Commissioner can require changes if these tests are not met, but cannot deny the program only because the Fund falls short of its capital requirement. This authority ends June 30, 2029.

New rules for auto insurance assessments

Beginning July 1, 2027, the Board must use a set formula to split state auto insurance industry assessments between commercial and private passenger auto. The private passenger share is capped at 1% (down from 3%). The formula uses the most recent certified assessment and matching premium totals for the same period. These rules end June 30, 2029.

Sponsors & Cosponsors

Sponsor

  • Antonio Hayes

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 186 • No: 35

Senate vote • 4/10/2026

Third Reading Passed

Yes: 42 • No: 0 • Other: 2

House vote • 4/10/2026

Third Reading Passed

Yes: 100 • No: 35 • Other: 3

Senate vote • 3/23/2026

Third Reading Passed

Yes: 44 • No: 0

Actions Timeline

  1. Approved by the Governor - Chapter 742

    5/26/2026

  2. Passed Enrolled

    4/10/2026Senate

  3. Third Reading Passed (42-0)

    4/10/2026Senate

  4. Senate Concurs House Amendments

    4/10/2026Senate

  5. Third Reading Passed (100-35)

    4/10/2026House

  6. Motion Special Order until End Of This Calendar (Delegate Bartlett) Adopted

    4/10/2026House

  7. Second Reading Passed with Amendments

    4/8/2026House

  8. Favorable with Amendments {183729/1 Adopted

    4/8/2026House

  9. Favorable with Amendments Report by Judiciary

    4/8/2026House

  10. Referred Judiciary

    3/23/2026House

  11. Third Reading Passed (44-0)

    3/23/2026Senate

  12. Second Reading Passed with Amendments

    3/20/2026Senate

  13. Floor Amendment {633223/1 (Senator Beidle) Adopted

    3/20/2026Senate

  14. Favorable with Amendments {473727/1 Adopted

    3/20/2026Senate

  15. Favorable with Amendments Report by Finance

    3/20/2026Senate

  16. Hearing 2/18 at 1:00 p.m.

    2/4/2026Senate

  17. First Reading Finance

    2/2/2026Senate

Bill Text

  • Enacted

    5/26/2026

    PDF

  • Enrolled

    4/10/2026

    PDF

  • Third Reading

    3/20/2026

    PDF

  • First Reading

    2/2/2026

    PDF

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