HB 1098 Insurance Automobile Insurance Maryland Automobile Insurance Fund and Affordability Study

About HB-1098

Requiring the Maryland Automobile Insurance Fund to calculate and report its risk based capital level in accordance with certain provisions of insurance law and maintain total adjusted capital in a certain amount; establishing that certain provisions of insurance law regarding prior approval rate making apply to the Fund during a certain time period and under certain circumstances; requiring the Maryland Insurance Administration to establish a workgroup to study automobile insurance affordability; etc.