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HB 903

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Insurance - Maryland Automobile Insurance Fund - Assessments

Sponsor: Brian M. Crosby (District 29B)Committee: Economic MattersSubject: Insurance - Other than HealthStatus: Hearing 2/23 at 1:00 p.m. (Economic Matters) (as of Nov 9, 2023)

What this bill does

Official synopsis

Altering the formula for the calculation of certain assessments by the Maryland Automobile Insurance Fund; requiring the Maryland Insurance Commissioner, under certain circumstances, to authorize the Maryland Automobile Insurance Fund to withdraw certain amounts from a certain overassessment account to offset certain private passenger auto and commercial auto assessments; prohibiting members of the Industry Automobile Insurance Association from being subject to an annual assessment under certain circumstances; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (13)

MGA witness list
FAV 6FavorableFWA 7Favorable with amendments
PositionWitnessOrganizationTestimony
FAVPieffer, DavidMaryland Auto Insurance FundOral
FAVRedmer, Jr., AlMaryland Auto Insurance FundOral + Written (PDF)
FAVCarroll, DennisMaryland Automobile Insurance FundOral
FAVCrosby, BrianOffice of Delegate Brian CrosbyOral + Written (PDF)
FAVDelegate Crosby, Delegate CrosbylegislatorIndividualOral
FAVDodson, SandraIndividualOral + Written (PDF)
FWAPopham, BrysonlobbyistBryson F. Popham, P.A.Oral
FWASmith, Sarah JoanlobbyistBryson F. Popham, P.A.Written (PDF)
FWAEnten, RobertMd Bankers AssocOral
FWAOverturf, MattlobbyistNAMICWritten (PDF)
FWAEgan, NancylobbyistIndividualOral
FWAKarkhanis, NeallobbyistIndividualOral
FWAStern, IsadoralobbyistIndividualOral + Written (PDF)

Organizations on record

Registered lobbyists who testified

FWAPopham, BrysonBryson F. Popham, P.A.Registered for: Agency Insurance Company of Maryland; Agency Services, Inc.; Army Alliance; Bryson F. Popham P.A.; Building Owners and Managers Association of Greater Baltimore (BOMA); CVS Health
FWASmith, Sarah JoanBryson F. Popham, P.A.Registered for: Bryson F. Popham P.A.; Building Owners and Managers Association of Greater Baltimore (BOMA); Insurance Agents and Brokers of Maryland (IAB); Maryland Association of Mutual Insurance Companies (MAMIC); Maryland Defense Research Coalition (MDR-C); National Association of Benefits Insurance Professionals (NABIP MD)
FWAOverturf, MattNAMICRegistered for: National Association of Mutual Insurance Companies (NAMIC)
FWAEgan, NancyRegistered for: American Property Casualty Insurance Association
FWAKarkhanis, NealRegistered for: American Council of Life Insurers; Tobacco-Free Kids Action Fund; City of Westminster; League of Life & Health Insurers of Maryland, Inc.; It Works Learning Center, Inc.; America's Health Insurance Plans
FWAStern, IsadoraRegistered for: Maryland Consumer Rights Coalition