Workgroup on the Affordability of Private Passenger Automobile Insurance – Extension and Alteration of Membership and Duties

SB 865 extends the deadline for Maryland's Workgroup on Automobile Insurance Affordability to January 1, 2027, requiring it to produce specific, data-driven legislative recommendations instead of further studies. The bill alters the workgroup's membership to add two nonprofit representatives with expertise in insurance rating practices and mandates focus on concrete solutions to reduce premiums and address geographic/racial disparities caused by factors like territorial rating. This aims to provide the legislature with actionable proposals to reform how insurance rates are set, particularly regarding rating practices that contribute to unfair cost differences across communities.