Haddaway Appointed to Task Force on Insurance

(Annapolis, MD) - Delegate Jeannie Haddaway-Riccio has been appointed to serve on a task force that will review insurers of last resort in the State of Maryland. The task force includes three members of the Senate, three members of the House of Delegates, the Commissioner of the Maryland Insurance Administration, the Office of the Attorney General Consumer Protection Division, representatives of the insurance industry and consumer rights advocate groups.


The task force will consider the Injured Workers' Insurance Fund (IWIF), the Maryland Automobile Insurance Fund (MAIF), the Property and Casualty Insurance Guaranty Corporation (PCIGC), the Maryland Health Insurance Plan (MHIP) and the Joint Insurance Association (JIA). The task force, which was established by legislation passed earlier this year, is expected to make preliminary recommendations to the Maryland General Assembly by December 1, 2012 and final recommendations by December 1, 2013. Their recommendations will include potential legal and corporate structure changes that would benefit Marylanders, potential affiliations, market stability factors and the potential for financial independence within each entity.

Haddaway-Riccio is a member of the House Economic Matters Committee and serves on the Property and Casualty Insurance Subcommittee. "I look forward to the work we will be doing on this task force," Haddaway-Riccio said. "These insurers play a major role in the lives of citizens and business owners so it is important for us to discuss how we can structure them to best serve Marylanders. That can only happen with good public input, so I am encouraging anyone with ideas or concerns in these areas to contact me throughout the process."


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