Paying your MAIF premium is about to get easier!
On the last night of the 2013 Legislative Session, the General Assembly passed Senate Bill 930, giving MAIF the ability to offer its customers an installment payment plan for the first time in our forty-year history.
“This legislation is a victory for all Marylanders,” said MAIF Executive Director, Kent Krabbe. “Those who need MAIF policies will now have a more convenient and less expensive option for purchasing their policies, making the choice to drive insured an easier one.”
The benefits of this legislation aren’t just limited to MAIF policy holders. “Those who are insured by other carriers will ultimately find themselves on safer roads in our state, alongside fewer uninsured vehicles,” Krabbe said.
A proposed MAIF Installment Plan is something the General Assembly has debated over the course of the last eight years. With the support of Senate Finance Committee Chairman, Senator Thomas “Mac” Middleton of Charles County and sponsorship of Senator Catherine Pugh of Baltimore City, the 2013 version of the bill finally made it across the finish line, a development that is being lauded by The Maryland Consumer Rights Coalition as well as the Baltimore Sun and Frederick News Post.
“We would also like to thank Governor O’Malley for his steadfast and constant support for this important reform,” Krabbe said.
Senate Bill 930 awaits Governor O’Malley’s signature. Once signed, the law will take effect on July 1, 2013.
For more details on MAIF’s Installment Plan, please read the SB930 Press Release.
