Maryland Automobile Insurance Fund


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

History

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

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.

Organizational Structure