Maryland requires RBC compliance and orders auto insurance affordability study under HB 1098
- Factors contributing to premium increases,
- Transparency options,
- Definitions of “affordability” in rate-setting,
- Methodologies for incorporating affordability into pricing, and
- The financial condition of private passenger auto insurers and potential responses to excess profits.
The workgroup will include members of the state legislature, the Insurance Commissioner, MAIF’s Executive Director, and appointed representatives from insurers, consumer groups, and producers. A report must be submitted to the Governor and General Assembly by January 1, 2026.
