Maryland HB1583 establishes a workgroup to study affordable private passenger automobile insurance options for low-income drivers.

Maryland HB1583 mandates the Maryland Insurance Administration to create a workgroup to explore establishing a low-cost auto program or economic relief credit program for private passenger automobile insurance. The workgroup will consider eligibility criteria, funding mechanisms, and administrative entities. It will report findings and recommendations to the Governor and General Assembly by January 1, 2027. The act will remain in effect until June 30, 2027, after which it will be repealed without further legislative action.

Maryland HB1583 establishes a workgroup to study affordable private passenger automobile insurance options for low-income drivers.

Maryland HB1583 mandates the Maryland Insurance Administration to create a workgroup to explore establishing a low-cost auto program or economic relief credit program for private passenger automobile insurance. The workgroup will consider eligibility criteria, funding mechanisms, and administrative entities. It will report findings and recommendations to the Governor and General Assembly by January 1, 2027. The act will remain in effect until June 30, 2027, after which it will be repealed without further legislative action.