Bill > H1220

This bill modifies motor vehicle insurance regulations by creating several exceptions to insurance premium surcharges. Specifically, insurers would be prohibited from imposing additional charges on a policyholder's premium for: (A) any accident causing property damage of $5,000 or less, (B) the first accident causing property damage over $5,000, (C) the first two speeding violations (unless they would result in license suspension), (D) any accident caused by someone other than the named insured or household members, (E) the first two accidents within the current experience period where the insured was not at fault and not convicted of a moving violation, and (F) any motor vehicle infraction. These provisions aim to provide some financial protection for drivers by limiting circumstances under which insurance premiums can be increased, potentially helping to reduce the financial burden on drivers for minor incidents or those not primarily at fault.

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https://malegislature.gov/Bills/194/H1220