Task Force to Study Maryland Insurance of Last Resort Programs

Maryland has four "Insurance of Last Resort Programs" that provide a variety of insurance coverages for those who cannot otherwise obtain or afford private-sector plans. Among the programs, consumers are able to purchase and maintain workers’ compensation insurance from the Injured Workers’ Insurance Fund (IWIF) / Chesapeake Employers’ Insurance Company (Chesapeake), automobile insurance from the Maryland Automobile Insurance Fund (MAIF), homeowner’s insurance from the Joint Insurance Association (JIA), and health insurance from the Maryland Health Insurance (MHIP). Chapter 408 (House Bill 1017) of 2012 established this task force for the purposes of studying and making recommendations regarding the potential costs and benefits to the State from the affiliation of one or more of the State-created insurers of last resort.