Maryland Automobile Insurance Fund

Maryland Automobile Insurance Fund
FormerlyThe Unsatisfied Claim and Judgment Fund Board
IndustryAutomobile insurance
Founded1972
HeadquartersMaryland, USA
Key peopleRobert McKinney (Chairman)

The Maryland Automobile Insurance Fund (MAIF) was created in 1972 by the Maryland General Assembly as a residual market mechanism with the goal of providing automobile insurance to individuals who may not have qualified for automobile insurance in the private market.[citation needed]

History

In 1957, it was formerly known as the Unsatisfied Claim and Judgment Fund Board. The name was changed to Maryland Automobile Insurance Fund (MAIF), on January 1, 1973.

In 2006, MAIF was the sixth largest writer of private passenger automobile insurance in the state of Maryland.

Board of trustees

Maryland Auto is governed by a board of trustees composed of nine members selected by the Governor for a five-year period, with the advice and approval of the Senate. The Executive Director manages Maryland Auto's day-to-day affairs and works at the Board of Trustees' convenience.

Notable people

See also

References

  1. ↑ "Maryland Manual Online: A Guide to Maryland & Its Government". MSA Maryland Government. Maryland. February 28, 2020. Retrieved April 3, 2020.
  2. ↑ "Surety Bonds vs Insurance: Key Differences Explained". December 20, 2024. Retrieved October 4, 2025.
  3. ↑ "How is Maryland Auto different from other insurance companies?". My Maryland Auto. 2019. Retrieved April 3, 2020.
  4. ↑ Dorin (January 26, 2024). "How Long Do Insurance Claims Take?". Retrieved April 10, 2024.