Auto Insurance as Backdoor for State Funds
Dog Breeding March 30th, 2010Politicians and budgetary officers are watching Maryland. Legislators are pigeonholed in by the election year into not raising taxes whatsoever. In a stealthy campaign to aid its ailing state budget, it’s reported by the Baltimore Sun (March 22, 2010) that the state owned and run auto insurance product, the Maryland Automobile Insurance Fund stands to help offset state losses through a piece of legislation that increases the minimum amount of auto “liability for bodily harm”. For injuries involving an individual (no more than 1 person involved), the liability is said to increase 50% under this new auto insurance legislation. The piece of law continues to move forward at the state’s capital, Annapolis, and is said to largely effect low income drivers that chose to only insure the minimum amount. If the stealth and covert initiative is effective in aiding the state’s budgetary woes, the practice could become a worthy solution for other lawmakers, with little options this election year.
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