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Panel approves cap and sunset for auto-insurance affordability program
Summary
The committee approved amendments to House Bill 816 that cut the private-passenger assessment cap to 1%, authorize an affordability program at the Maryland Automobile Insurance Fund, and conform to a senate-added sunset in June 2029; members questioned the program's operating losses and likely assessments.
The Judiciary Committee approved House Bill 816 on March 20 after adopting amendments that reduce the private-passenger assessment cap and authorize an affordability program through the Maryland Automobile Insurance Fund (MAIF).
Delegate Taylor, who explained the amendments, said they reduce the assessment cap for private-passenger…
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