The Maryland Legislature convened on January 9, 2025, to introduce Senate Bill 14, a legislative proposal aimed at enhancing the financial accountability of self-insurers and establishing mandatory insurance requirements for operators of electric bicycles, mopeds, and motor scooters.

The bill outlines several key provisions, including the imposition of an annual fee of up to $750 on self-insurers. This fee is designated to fund actuarial studies and audits to ensure the financial solvency of these entities. Additionally, the bill mandates that operators of electric bicycles, mopeds, and motor scooters must carry proof of insurance coverage while operating their vehicles.

Specifically, the bill stipulates minimum coverage amounts for bodily injury and property damage claims. It requires that claims for bodily injury or death resulting from an accident be covered up to $30,000 for one person and $60,000 for multiple persons. Furthermore, it mandates coverage for property damage claims up to $15,000. The bill also references existing provisions in the Insurance Article regarding primary and additional coverage requirements.

During the introduction of the bill, discussions highlighted the growing popularity of electric bicycles and scooters, which have raised concerns about safety and liability. Proponents argue that the bill will enhance public safety and ensure that operators are financially responsible in the event of an accident. However, some opposition has emerged, with critics expressing concerns about the potential financial burden on low-income individuals who may rely on these modes of transportation.

The economic implications of Senate Bill 14 could be significant, as it may lead to increased insurance costs for operators and self-insurers alike. Additionally, the requirement for insurance could deter some individuals from using electric bicycles and scooters, potentially impacting local businesses that rely on these transportation options.

As the bill progresses through the legislative process, stakeholders are closely monitoring its developments. If enacted, Senate Bill 14 is set to take effect on October 1, 2025, marking a notable shift in Maryland's approach to regulating emerging transportation technologies and ensuring financial accountability among self-insurers.