Maryland HB816 modifies the Maryland Automobile Insurance Fund to ensure affordability and allows the Executive Director to establish an.

Maryland HB816 changes the purpose of the Maryland Automobile Insurance Fund to ensure financial security is provided at affordable rates. The bill authorizes the Executive Director to establish an affordability program, allowing premiums to be based on the number of points accumulated by an insured or the prior claims experience of an insured or applicant for insurance. This program may consider factors inconsistent with other insurance rating principles. The changes take effect October 1, 2026.

Maryland HB816 modifies the Maryland Automobile Insurance Fund to ensure affordability and allows the Executive Director to establish an.

Maryland HB816 changes the purpose of the Maryland Automobile Insurance Fund to ensure financial security is provided at affordable rates. The bill authorizes the Executive Director to establish an affordability program, allowing premiums to be based on the number of points accumulated by an insured or the prior claims experience of an insured or applicant for insurance. This program may consider factors inconsistent with other insurance rating principles. The changes take effect October 1, 2026.