New MD EUIM Requirement Takes Effect July 1
Enhanced Underinsured Motorist (EUIM) coverage soon will be an opt-out coverage for new auto policies, triggering a new selection form.
New MD EUIM Requirement Takes Effect July 1 Read More »
Political Advocacy
Farm Bill Includes Inflation Adjustment for Agent Commissions (MD Update)
House Agriculture Committee Chairman Glenn Thompson released a summary of the draft Farm Bill, which includes key provisions that our national affiliate, PIA, helped develop.
Farm Bill Includes Inflation Adjustment for Agent Commissions (MD Update) Read More »
Farm Bill Includes Inflation Adjustment for Agent Commissions (PA, DE Update)
House Agriculture Committee Chairman Glenn Thompson released a summary of the draft Farm Bill, which includes key provisions advocated for by IA&B members when they met with the Congressman last month.
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MD Legislature Drops Education Requirements for Producer Licensing
Beginning Oct. 1, Maryland will become the third state to repeal pre-licensing education requirements since the NAIC removed them from its model act and licensing standards.
MD Legislature Drops Education Requirements for Producer Licensing Read More »
PA Senate Passes Personal Income Tax Reduction
The legislation would reduce the state’s personal income rate to 2.8% and eliminate the tax on electricity.
PA Senate Passes Personal Income Tax Reduction Read More »
Updated Fannie/Freddie Property Insurance Requirements Present Issues for Agents (PA, DE Update)
Effective June 1, all mortgages backed by Fannie and Freddie will be subject to updates related to property insurance requirements as well as to lender and servicer responsibilities.
2024 Maryland Legislative Recap
Review highlights from the legislative session, including IA&B’s successful deflection of several potentially damaging proposals.
2024 Maryland Legislative Recap Read More »
Changes to MAIF Reassessment Notifications (MD HB 1483)
This bill, which would have misled policyholders about reassessments and deflected attention away from the impacts of MAIF’s rate inadequacy, did not pass.
Changes to MAIF Reassessment Notifications (MD HB 1483) Read More »
Increases to Uninsured Driving Penalties, Funding for MAIF (MD HB 1482)
The legislation, aimed primarily at increasing uninsured motorist penalties, will take effect on July 1. Because of the quick turnaround time, IA&B expects some insurers will use policies with outdated language until they can make the necessary programming and product filing changes.
Increases to Uninsured Driving Penalties, Funding for MAIF (MD HB 1482) Read More »
Mandatory Coverages for Detached Condominiums (MD HB 1227 / SB 1015)
While IA&B lobbied for a full repeal of last year’s HB 98, the passage of this year’s legislation includes disclosure requirements that present a step in the right direction.
Mandatory Coverages for Detached Condominiums (MD HB 1227 / SB 1015) Read More »