HB 1098 Maryland House of Delegates · 2025 Regular Session

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

HB 1098 requires the Maryland Automobile Insurance Fund (MAIF) to calculate and report its risk-based capital (RBC) level annually, and to maintain total adjusted capital above specific thresholds starting December 2026. It also mandates the Insurance Commissioner to review MAIF’s RBC plans if capital levels fall below requirements and ensures certain rate-making rules apply to MAIF during financial stress periods. Additionally, the bill creates a workgroup to study auto insurance affordability and submit a report to the Governor and General Assembly by a specified deadline. This directly affects MAIF’s financial operations, the Insurance Commissioner’s oversight role, and the process for evaluating auto insurance costs for Maryland drivers.

Bill status signed all 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

House of Delegates Passage

Apr 2025

Senate Passage

Apr 2025

Signed into Law

May 2025

Introduced Feb 5, 2025 Signed May 6, 2025

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What changed between versions

First - Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study → Third - Insurance - Automobile Insurance - Maryland Automobile Insurance Fund and Affordability Study · 5 edits

MODERATE

This bill version was advanced from first to third reading with amendments that add new requirements for the Maryland Automobile Insurance Fund to report its financial stability metrics to the Governor and General Assembly, authorize the Fund's Board of Trustees to certify assessments, and modify premium determination rules for the Fund. The changes reflect ongoing efforts to study and address automobile insurance affordability in Maryland while maintaining the Fund's financial solvency.

Scope change

The bill's scope expanded to include new reporting and certification requirements for the Fund's Board of Trustees, and premium determination rules were modified to include references to the Fund's financial capital levels.

REQUIREMENT

Added requirement for the Maryland Insurance Administration to establish a workgroup to study automobile insurance affordability and submit a report to the Governor and General Assembly.

Added authority for the Board of Trustees of the Fund to certify a certain assessment in a certain manner on or before a certain date.

Modified Section 20-306 to clarify that the Fund must prepare and submit an RBC plan if its total adjusted capital is less than the product of 3.0 and the Fund's authorized control level RBC, or if it triggers the trend test calculation.

Modified Section 20-507 to change the premium determination timeline and conditions, adding a reference to Section 20-306(C) when determining if the Fund's total adjusted capital meets requirements.

TECHNICAL

Changed bill formatting from 'A BILL ENTITLED' to 'CHAPTER ______' to reflect progression through legislative readings.

Floor votes · Senate Mar 22, 2025 · House of Delegates Mar 9, 2025

How they voted

42–2

Passed · 2 other

Total votes 46

Mar 22, 2025

D Democratic33

29 Yea 2 Nay 2

87% Yea

R Republican13

13 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 6, 2025

Signed into law

Approved by the Governor - Chapter 395

executive

Apr 7, 2025

Lower · Passed

Returned Passed

lower

Apr 7, 2025

Upper · Passed

Third Reading Passed

upper

Apr 7, 2025

Upper · Passed

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

upper

Apr 7, 2025

Introduced

House Refuses Concur Senate Amendments

upper

Apr 5, 2025

Lower · Passed

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

lower

Apr 5, 2025

Introduced

House Refuses Concur Senate Amendments

lower

Apr 4, 2025

Upper · Passed

Third Reading Passed

upper

Apr 4, 2025

Upper · Passed

Favorable with Amendments {

upper

Apr 4, 2025

Upper · Passed

Favorable with Amendments Report by Finance

upper

Mar 22, 2025

Senate · Passed

Senate Vote: pass (42-2-2)

senate

Mar 17, 2025

Committee

Referred Finance

upper

Mar 17, 2025

Lower · Passed

Third Reading Passed

lower

Mar 15, 2025

Introduced

Floor Amendment {

lower

Mar 15, 2025

Lower · Passed

Favorable with Amendments {

lower

Mar 15, 2025

Lower · Passed

Favorable with Amendments Report by Economic Matters

lower

Mar 9, 2025

House Of Delegates · Passed

House of Delegates Vote: pass (105-31-3)

house of delegates

Feb 5, 2025

Committee

First Reading Economic Matters

lower

2 primary · 0 co-sponsors