The Maryland Automobile Insurance Fund (MAIF) was created in 1972 by the
Maryland General Assembly
The Maryland General Assembly is the state legislature of the U.S. state of Maryland that convenes within the State House in Annapolis. It is a bicameral body: the upper chamber, the Maryland Senate, has 47 representatives and the lower chamb ...
as a residual market mechanism with the goal of providing
automobile insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury r ...
to individuals who may not have qualified for
automobile
A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, pe ...
insurance in the
private market.
In 2006, MAIF was the sixth largest writer of private passenger automobile insurance in the state of
Maryland
Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to ...
.
History
In 1957, it was formerly known as the Unsatisfied Claim and Judgment Fund Board. The name was changed to Maryland Automobile Insurance Fund (MAIF), 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.
Notable people
* Robert L. McKinney - Chairman
* Mark D. McCurdy - Executive Director
* Cathy E. Nyce - Director ''(Communications & Corporate Relations Committee)''
* Paul Deter - Director ''(Fiscal Department)''
* Carlton F. Milligan - Director ''(Information Technology Department)''
* Lois W. Oechsle - General Counsel
* Delaine McMath - Senior Manager ''(Internal Auditing)''
* Sandra L. Dodson - Senior Manager ''(Government Relations)''
* Joseph M. Kalinowski - Senior Manager ''(Imaging, Supply Room, & Building Services)''
* Elizabeth A. Gruendi - Senior Manager ''(Casualty Unit)''
* Kevin J. Wood - Senior Manager ''(Finance & Accounting/Collections)''
* Leda A. Favor - Senior Manager ''(Human Resource Department)''
* Deanne M. Ford - Supervisor ''(Uninsured Collections)''
References
External links
Maryland Automobile Insurance Fund Official SiteLow Cost Commercial Truck InsurancePascal Burke Insurance Brokerage
Vehicle insurance
Financial services companies established in 1972
Insurance companies of the United States
Automobile Insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury r ...
Financial services companies based in Maryland
Auto insurance in the United States
1972 establishments in Maryland
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