MD
Maryland House Bill HB1098

Maryland 2025 Regular Session

Maryland House Bill HB1098 Compare Versions

OldNewDifferences
11
22
33 EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
44 [Brackets] indicate matter deleted from existing law.
5- Underlining indicates amendments to bill.
6- Strike out indicates matter stricken from the bill by amendment or deleted from the law by
7-amendment.
85 *hb1098*
96
107 HOUSE BILL 1098
118 C4 5lr1544
129
1310 By: Delegates Fraser–Hidalgo and Wilson
1411 Introduced and read first time: February 5, 2025
1512 Assigned to: Economic Matters
16-Committee Report: Favorable with amendments
17-House action: Adopted with floor amendments
18-Read second time: March 6, 2025
1913
20-CHAPTER ______
14+A BILL ENTITLED
2115
2216 AN ACT concerning 1
2317
2418 Insurance – Automobile Insurance – Maryland Automobile Insurance Fund and 2
2519 Affordability Study 3
2620
2721 FOR the purpose of requiring the Maryland Automobile Insurance Fund to calculate and 4
2822 report its risk based capital level in accordance with certain provisions of insurance 5
2923 law and maintain total adjusted capital in a certain amount; requiring the Maryland 6
3024 Insurance Commissioner to review and determine the adequacy of an RBC plan filed 7
3125 by the Fund; establishing that certain provisions of insurance law regarding prior 8
3226 approval rate making apply to the Fund during a certain time period and under 9
3327 certain circumstances; requiring Maryland Insurance Administration to establish a 10
3428 workgroup to study automobile insurance affordability and submit a report to the 11
35-Governor and the General Assembly on or before a certain date; authorizing the 12
36-Board of Trustees of the Fund to certify a certain assessment in a certain manner on 13
37-or before a certain date; and generally relating to automobile insurance. 14
29+Governor and the General Assembly on or before a certain date; and generally 12
30+relating to automobile insurance. 13
3831
39-BY adding to 15
40- Article – Insurance 16
41-Section 20–306 17
42- Annotated Code of Maryland 18
43- (2017 Replacement Volume and 2024 Supplement) 19
32+BY adding to 14
33+ Article – Insurance 15
34+Section 20–306 16
35+ Annotated Code of Maryland 17
36+ (2017 Replacement Volume and 2024 Supplement) 18
4437
45-BY repealing and reenacting, with amendments, 20
46- Article – Insurance 21
47-Section 20–507 22
48- Annotated Code of Maryland 23 2 HOUSE BILL 1098
38+BY repealing and reenacting, with amendments, 19
39+ Article – Insurance 20
40+Section 20–507 21
41+ Annotated Code of Maryland 22
42+ (2017 Replacement Volume and 2024 Supplement) 23
43+
44+ SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 24
45+That the Laws of Maryland read as follows: 25
46+
47+Article – Insurance 26
48+ 2 HOUSE BILL 1098
4949
5050
51- (2017 Replacement Volume and 2024 Supplement) 1
51+20–306. 1
5252
53- SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 2
54-That the Laws of Maryland read as follows: 3
53+ (A) IN THIS SECTION, “COMPANY ACTION LEVEL RBC” HAS THE MEANING 2
54+STATED IN § 4–301(N)(1) OF THIS ARTICLE. 3
5555
56-Article – Insurance 4
56+ (B) THE FUND SHALL CALCULATE AND REPORT ITS RBC LEVEL IN 4
57+ACCORDANCE WITH TITLE 4, SUBTITLE 3 OF THIS ARTICLE. 5
5758
58-20–306. 5
59+ (C) (1) BEGINNING DECEMBER 31, 2026, THE FUND SHALL MAINTAIN 6
60+TOTAL ADJUSTED CAPIT AL, AS DEFINED IN § 4–301(R) OF THIS ARTICLE , IN AN 7
61+AMOUNT THAT IS GREATER THAN OR EQUAL TO ITS COMP ANY ACTION LEVEL RBC. 8
5962
60- (A) IN THIS SECTION, “COMPANY ACTION LEVEL RBC” HAS THE MEANING 6
61-STATED IN § 4–301(N)(1) OF THIS ARTICLE. 7
63+ (2) THE FUND SHALL PREPARE AN D SUBMIT AN RBC PLAN IN 9
64+ACCORDANCE WITH § 4–305(B) OF THIS ARTICLE IF A N RBC REPORT FILED BY THE 10
65+FUND UNDER SUBSECTION (B) OF THIS SECTION SHOW S THAT THE FUND’S TOTAL 11
66+ADJUSTED CAPITAL : 12
6267
63- (B) THE FUND SHALL CALCULATE AND REPORT ITS RBC LEVEL IN 8
64-ACCORDANCE WITH TITLE 4, SUBTITLE 3 OF THIS ARTICLE. 9
68+ (I) IS LESS THAN THE FUND’S COMPANY ACTION LEVEL RBC; 13
69+OR 14
6570
66- (C) (1) BEGINNING DECEMBER 31, 2026, THE FUND SHALL MAINTAIN 10
67-TOTAL ADJUSTED CAPIT AL, AS DEFINED IN § 4–301(R) OF THIS ARTICLE , IN AN 11
68-AMOUNT THAT IS GREAT ER THAN OR EQUAL TO ITS COMPANY ACTION L EVEL RBC. 12
71+ (II) 1. IS LESS THAN THE PRO DUCT OF 3.0 AND THE FUND’S 15
72+AUTHORIZED CONTROL L EVEL RBC, AS DEFINED IN § 4–301(N)(3) OF THIS ARTICLE; 16
73+AND 17
6974
70- (2) THE FUND SHALL PREPARE AN D SUBMIT AN RBC PLAN IN 13
71-ACCORDANCE WITH § 4–305(B) OF THIS ARTICLE IF A N RBC REPORT FILED BY THE 14
72-FUND UNDER SUBSECTION (B) OF THIS SECTION SHOW S THAT THE FUND’S TOTAL 15
73-ADJUSTED CAPITAL : 16
75+ 2. TRIGGERS THE TREND T EST CALCULATION INCL UDED 18
76+IN THE PROPERTY AND CASUALTY RBC INSTRUCTIONS . 19
7477
75- (I) IS LESS THAN THE FUND’S COMPANY ACTION LEV EL RBC; 17
76-OR 18
78+ (D) IN ACCORDANCE WITH § 4–305(D) OF THIS ARTICLE , THE 20
79+COMMISSIONER SHALL RE VIEW AND DETERMINE T HE ADEQUACY OF AN RBC PLAN 21
80+FILED BY THE FUND AS REQUIRED UNDE R THIS SECTION. 22
7781
78- (II) 1. IS LESS THAN THE PRO DUCT OF 3.0 AND THE FUND’S 19
79-AUTHORIZED CONTROL L EVEL RBC, AS DEFINED IN § 4–301(N)(3) OF THIS ARTICLE; 20
80-AND 21
82+20–507. 23
8183
82- 2. TRIGGERS THE TREND T EST CALCULATION INCL UDED 22
83-IN THE PROPERTY AND CASUALTY RBC INSTRUCTIONS . 23
84+ (a) Subject to the authority of the Commissioner to determine whether rates are 24
85+excessive, inadequate, or unfairly discriminatory, as provided in Title 11, Subtitle 2 OR 25
86+SUBTITLE 3 of this article, the Executive Director shall determine the premiums to be 26
87+charged on policies issued by the Fund. 27
8488
85- (D) IN ACCORDANCE WITH § 4–305(D) OF THIS ARTICLE , THE 24
86-COMMISSIONER SHALL RE VIEW AND DETERMINE T HE ADEQUACY OF AN RBC PLAN 25
87-FILED BY THE FUND AS REQUIRED UNDE R THIS SECTION. 26
88-
89-20–507. 27
90-
91- (a) Subject to the authority of the Commissioner to determine whether rates are 28
92-excessive, inadequate, or unfairly discriminatory, as provided in Title 11, Subtitle 2 OR 29
93-SUBTITLE 3 of this article, the Executive Director shall determine the premiums to be 30
94-charged on policies issued by the Fund. 31
89+ (b) (1) Except as provided in [subsection] SUBSECTIONS (c) AND (D) of this 28
90+section, the provisions of Title 11, Subtitle 3 of this article apply to the determination of 29
91+premiums by the Executive Director and the filing of rates with the Commissioner. 30
9592 HOUSE BILL 1098 3
9693
9794
98- (b) (1) Except as provided in [subsection] SUBSECTIONS (c) AND (D) of this 1
99-section, the provisions of Title 11, Subtitle 3 of this article apply to the determination of 2
100-premiums by the Executive Director and the filing of rates with the Commissioner. 3
95+ (2) Notwithstanding Title 11, Subtitle 2 OR SUBTITLE 3 of this article or 1
96+any other provision of this title, the Executive Director may base premiums on one or both 2
97+of the following items: 3
10198
102- (2) Notwithstanding Title 11, Subtitle 2 OR SUBTITLE 3 of this article or 4
103-any other provision of this title, the Executive Director may base premiums on one or both 5
104-of the following items: 6
99+ (i) the number of points accumulated by an insured or applicant for 4
100+insurance under the point system provided for in Title 16, Subtitle 4 of the Transportation 5
101+Article; or 6
105102
106- (i) the number of points accumulated by an insured or applicant for 7
107-insurance under the point system provided for in Title 16, Subtitle 4 of the Transportation 8
108-Article; or 9
103+ (ii) the prior claims experience of an insured or applicant for 7
104+insurance. 8
109105
110- (ii) the prior claims experience of an insured or applicant for 10
111-insurance. 11
106+ (C) THE PROVISIONS OF TITLE 11, SUBTITLE 2 OF THIS ARTICLE APPL Y TO 9
107+THE DETERMINATION OF PREMIUMS BY THE EXECUTIVE DIRECTOR AND THE FILING 10
108+OF RATES WITH THE COMMISSIONER : 11
112109
113- (C) THE PROVISIONS OF TITLE 11, SUBTITLE 2 OF THIS ARTICLE APPL Y TO 12
114-THE DETERMINATION OF PREMIUMS BY THE EXECUTIVE DIRECTOR AND THE FILING 13
115-OF RATES WITH THE COMMISSIONER : 14
110+ (1) BETWEEN JULY 1, 2025, AND DECEMBER 31, 2025, BOTH 12
111+INCLUSIVE; AND 13
116112
117- (1) BETWEEN JULY 1, 2025, AND DECEMBER 31, 2025, BOTH 15
118-INCLUSIVE; AND 16
113+ (2) BEGINNING JANUARY 1, 2026, IF THE RBC REPORT MOST 14
114+RECENTLY FILED BY TH E FUND SHOWS THAT THE FUND’S TOTAL ADJUSTED 15
115+CAPITAL IS LESS THAN THE AMOUNT REQUIRED UNDER § 20–306(C)(1) OF THIS 16
116+TITLE. 17
119117
120- (2) BEGINNING JANUARY 1, 2026, IF THE RBC REPORT MOST 17
121-RECENTLY FILED BY TH E FUND SHOWS THAT THE FUND’S TOTAL ADJUSTED 18
122-CAPITAL IS LESS THAN THE AMOUNT REQUIRED UNDER § 20–306(C)(1) § 20–306(C) 19
123-OF THIS TITLE. 20
118+ [(c)] (D) (1) Premiums for all commercial coverage shall be determined in 18
119+accordance with this section and § 20–508 of this subtitle. 19
124120
125- [(c)] (D) (1) Premiums for all commercial coverage shall be determined in 21
126-accordance with this section and § 20–508 of this subtitle. 22
121+ (2) Notwithstanding paragraph (1) of this subsection, the rating principles 20
122+under subsection [(d)] (E) of this section may not be used to determine the premium for 21
123+commercial coverage. 22
127124
128- (2) Notwithstanding paragraph (1) of this subsection, the rating principles 23
129-under subsection [(d)] (E) of this section may not be used to determine the premium for 24
130-commercial coverage. 25
125+ [(d)] (E) In reviewing rates filed by the Fund, the Commissioner shall consider 23
126+not only the rating principles under Title 11, Subtitle 2 OR SUBTITLE 3 of this article but 24
127+also the statutory purpose of the Fund under § 20–301 of this title. 25
131128
132- [(d)] (E) In reviewing rates filed by the Fund, the Commissioner shall consider 26
133-not only the rating principles under Title 11, Subtitle 2 OR SUBTITLE 3 of this article but 27
134-also the statutory purpose of the Fund under § 20–301 of this title. 28
129+ [(e)] (F) (1) The Motor Vehicle Administration and Executive Director may 26
130+arrange for the Motor Vehicle Administration to collect premiums on policies issued by the 27
131+Fund when the Motor Vehicle Administration issues a driver’s license or certificate of 28
132+registration. 29
135133
136- [(e)] (F) (1) The Motor Vehicle Administration and Executive Director may 29
137-arrange for the Motor Vehicle Administration to collect premiums on policies issued by the 30
138-Fund when the Motor Vehicle Administration issues a driver’s license or certificate of 31
139-registration. 32
134+ (2) A premium collected under this subsection shall be paid to the State 30
135+Treasurer for the account of the Fund. 31
140136
141- (2) A premium collected under this subsection shall be paid to the State 33
142-Treasurer for the account of the Fund. 34
137+ [(f)] (G) (1) The Fund may not provide directly or indirectly for the financing 32
138+of premiums. 33
143139 4 HOUSE BILL 1098
144140
145141
146- [(f)] (G) (1) The Fund may not provide directly or indirectly for the financing 1
147-of premiums. 2
142+ (2) A premium may be financed only by a premium finance company 1
143+registered with the Commissioner in accordance with § 23–201 of this article. 2
148144
149- (2) A premium may be financed only by a premium finance company 3
150-registered with the Commissioner in accordance with § 23–201 of this article. 4
145+ (3) If a prospective insured’s initial payment to the Fund, a fund producer, 3
146+or premium finance company is not honored, a policy or endorsement issued in reliance on 4
147+that payment is void. 5
151148
152- (3) If a prospective insured’s initial payment to the Fund, a fund producer, 5
153-or premium finance company is not honored, a policy or endorsement issued in reliance on 6
154-that payment is void. 7
149+ [(g)] (H) (1) (i) Subject to the approval of the Commissioner and in 6
150+accordance with this subsection, the Fund may accept premiums on an installment 7
151+payment basis. 8
155152
156- [(g)] (H) (1) (i) Subject to the approval of the Commissioner and in 8
157-accordance with this subsection, the Fund may accept premiums on an installment 9
158-payment basis. 10
153+ (ii) In approving the Fund’s plan for accepting premiums on an 9
154+installment payment basis, the Commissioner shall: 10
159155
160- (ii) In approving the Fund’s plan for accepting premiums on an 11
161-installment payment basis, the Commissioner shall: 12
156+ 1. consider as factors: 11
162157
163- 1. consider as factors: 13
158+ A. the percentage of the initial premium payment in 12
159+comparison to the total premium under the policy; 13
164160
165- A. the percentage of the initial premium payment in 14
166-comparison to the total premium under the policy; 15
161+ B. the number of installment premium payments accepted on 14
162+a policy under the installment payment plan; and 15
167163
168- B. the number of installment premium payments accepted on 16
169-a policy under the installment payment plan; and 17
164+ C. the overall affordability of the installment payment plan 16
165+in comparison to other payment options available to the policyholder; and 17
170166
171- C. the overall affordability of the installment payment plan 18
172-in comparison to other payment options available to the policyholder; and 19
167+ 2. ensure that the Fund’s installment payment plan 18
168+meets the requirements of § 27–216 of this article. 19
173169
174- 2. ensure that the Fund’s installment payment plan 20
175-meets the requirements of § 27–216 of this article. 21
170+ (2) The Fund may not discriminate among insureds by charging different 20
171+premiums to insureds who select, as a payment option, the Fund’s installment payment 21
172+plan instead of a premium finance agreement. 22
176173
177- (2) The Fund may not discriminate among insureds by charging different 22
178-premiums to insureds who select, as a payment option, the Fund’s installment payment 23
179-plan instead of a premium finance agreement. 24
174+ (3) In determining commissions paid to a fund producer, the Fund may not 23
175+consider whether the fund producer placed an insured in an installment payment plan. 24
180176
181- (3) In determining commissions paid to a fund producer, the Fund may not 25
182-consider whether the fund producer placed an insured in an installment payment plan. 26
177+ (4) (i) In accordance with this paragraph, written and electronic 25
178+communications, including the Fund’s website, affecting the placement of coverage by the 26
179+Fund or a fund producer shall include a statement, on a form approved by the 27
180+Commissioner, advising an applicant or an insured of the payment options available to the 28
181+applicant or insured. 29
183182
184- (4) (i) In accordance with this paragraph, written and electronic 27
185-communications, including the Fund’s website, affecting the placement of coverage by the 28
186-Fund or a fund producer shall include a statement, on a form approved by the 29
187-Commissioner, advising an applicant or an insured of the payment options available to the 30
188-applicant or insured. 31
183+ (ii) The statement shall state that the applicant or insured has the 30
184+following payment options: 31
189185
190- (ii) The statement shall state that the applicant or insured has the 32
191-following payment options: 33
192- HOUSE BILL 1098 5
186+ 1. the Fund’s installment payment plan; 32
187+
188+ 2. a premium finance agreement; or 33 HOUSE BILL 1098 5
193189
194190
195- 1. the Fund’s installment payment plan; 1
196191
197- 2. a premium finance agreement; or 2
192+ 3. payment of the policy in full. 1
198193
199- 3. payment of the policy in full. 3
194+ (iii) The statement shall be included on written or electronic 2
195+communications at the time the applicant or insured: 3
200196
201- (iii) The statement shall be included on written or electronic 4
202-communications at the time the applicant or insured: 5
197+ 1. is issued a new policy; or 4
203198
204- 1. is issued a new policy; or 6
199+ 2. is issued a reissuance, rewrite, or renewal of an existing 5
200+policy. 6
205201
206- 2. is issued a reissuance, rewrite, or renewal of an existing 7
207-policy. 8
202+ (iv) The statement shall state that the applicant or insured should 7
203+consult a fund producer who will fully describe the terms of each payment option. 8
208204
209- (iv) The statement shall state that the applicant or insured should 9
210-consult a fund producer who will fully describe the terms of each payment option. 10
205+ [(h)] (I) (1) If the Fund makes a change to its plan for accepting premiums 9
206+on an installment payment basis, within 90 days after the change, the Commissioner shall 10
207+submit a report to the General Assembly providing the reason for the change. 11
211208
212- [(h)] (I) (1) If the Fund makes a change to its plan for accepting premiums 11
213-on an installment payment basis, within 90 days after the change, the Commissioner shall 12
214-submit a report to the General Assembly providing the reason for the change. 13
209+ (2) The report required under paragraph (1) of this subsection shall: 12
215210
216- (2) The report required under paragraph (1) of this subsection shall: 14
211+ (i) include the effect the change will have on the required factors for 13
212+consideration under [(g)(1)(ii)1] SUBSECTION (H)(1)(II)1 of this section; and 14
217213
218- (i) include the effect the change will have on the required factors for 15
219-consideration under [(g)(1)(ii)1] SUBSECTION (H)(1)(II)1 of this section; and 16
214+ (ii) be submitted in accordance with § 2–1257 of the State 15
215+Government Article. 16
220216
221- (ii) be submitted in accordance with § 2 –1257 of the State 17
222-Government Article. 18
217+ SECTION 2. AND BE IT FURTHER ENACTED, That: 17
223218
224- SECTION 2. AND BE IT FURTHER ENACTED, That: 19
219+ (a) The Maryland Insurance Administration shall establish a workgroup to study: 18
225220
226- (a) (1) The Maryland Insurance Administration shall establish a workgroup 20
227-to study: 21
221+ (1) the affordability of private passenger automobile insurance in the 19
222+State, including factors that contribute to premium rate increases and trends in rate 20
223+increases; 21
228224
229- (1) (i) the affordability of private passenger automobile insurance in 22
230-the State, including factors that contribute to premium rate increases and trends in rate 23
231-increases; 24
225+ (2) policy options to provide greater transparency regarding automobile 22
226+insurance premiums and to increase the affordability of automobile insurance in the State; 23
232227
233- (2) (ii) policy options to provide greater transparency regarding 25
234-automobile insurance premiums and to increase the affordability of automobile insurance 26
235-in the State; 27
228+ (3) ways in which the term “affordability” has been or may be defined in 24
229+the context of the establishment of private passenger automobile insurance premium rates; 25
230+and 26
236231
237- (3) (iii) ways in which the term “affordability” has been or may be 28
238-defined in the context of the establishment of private passenger automobile insurance 29
239-premium rates; and 30
232+ (4) methodologies by which affordability can be considered in establishing 27
233+private passenger automobile insurance rates consistent with rate making principles 28
234+codified in the Insurance Article. 29
235+
236+ (b) The workgroup consists of the following members: 30
240237 6 HOUSE BILL 1098
241238
242239
243- (4) (iv) methodologies by which affordability can be considered in 1
244-establishing private passenger automobile insurance rates consistent with rate making 2
245-principles codified in the Insurance Article; and 3
240+ (1) one member of the Senate of Maryland who is a member of the Finance 1
241+Committee, appointed by the President of the Senate; 2
246242
247- (v) the current financial status of private passenger automobile 4
248-insurers in the State and potential options to address excess profits. 5
243+ (2) one member of the House of Delegates who is a member of the Economic 3
244+Matters Committee, appointed by the Speaker of the House; 4
249245
250- (2) In conducting the study under paragraph (1) of this subsection, the 6
251-workgroup shall seek and consider input from relevant stakeholders, including the 7
252-reinsurance industry. 8
246+ (3) the Maryland Insurance Commissioner or the Commissioner’s 5
247+designee; 6
253248
254- (b) The workgroup consists of the following members: 9
249+ (4) the Executive Director of the Maryland Automobile Insurance Fund, or 7
250+the Executive Director’s designee; and 8
255251
256- (1) one member of the Senate of Maryland who is a member of the Finance 10
257-Committee, appointed by the President of the Senate; 11
252+ (5) the following members, appointed by the chair of the workgroup: 9
258253
259- (2) one member of the House of Delegates who is a member of the Economic 12
260-Matters Committee, appointed by the Speaker of the House; 13
254+ (i) one representative of an automobile insurer or automobile 10
255+insurer trade association; and 11
261256
262- (3) the Maryland Insurance Commissioner or the Commissioner’s 14
263-designee; 15
257+ (ii) one representative of a consumer advocacy group that is active 12
258+in the area of automobile insurance. 13
264259
265- (4) the Executive Director of the Maryland Automobile Insurance Fund, or 16
266-the Executive Director’s designee; and 17
260+ (c) The Maryland Insurance Commissioner or the Commissioner’s designee shall 14
261+chair the workgroup. 15
267262
268- (5) the following members, appointed by the chair of the workgroup: 18
263+ (d) On or before January 1, 2026, the workgroup shall report its findings and 16
264+recommendations to the Governor and, in accordance with § 2–1257 of the State 17
265+Government Article, the General Assembly. 18
269266
270- (i) one representative of an automobile insurer or automobile 19
271-insurer trade association; and 20
272-
273- (ii) one representative of a consumer advocacy group that is active 21
274-in the area of automobile insurance; and 22
275-
276- (iii) one representative of private passenger automobile insurance 23
277-producers in the State. 24
278-
279- (c) The Maryland Insurance Commissioner or the Commissioner’s designee shall 25
280-chair the workgroup. 26
281-
282- (d) On or before January 1, 2026, the workgroup shall report its findings and 27
283-recommendations to the Governor and, in accordance with § 2–1257 of the State 28
284-Government Article, the General Assembly. 29
285-
286- SECTION 3. AND BE IT FURTHER ENACTED, That, on or before March 15, 2026, 30
287-for calendar year 2025 operating results only, the Board of Trustees of the Maryland 31
288-Automobile Insurance Fund may certify the greater of: 32
289- HOUSE BILL 1098 7
290-
291-
292- (1) the calculation yielded under § 20–404(b) and (c) of the Insurance 1
293-Article; and 2
294-
295- (2) an amount not to exceed $20,000,000. 3
296-
297- SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect July 4
298-1, 2025. Section 2 of this Act shall remain effective for a period of 1 year and, at the end of 5
299-June 30, 2026, Section 2 of this Act, with no further action required by the General 6
300-Assembly, shall be abrogated and of no further force and effect. 7
301-
302-
303-
304-
305-Approved:
306-________________________________________________________________________________
307- Governor.
308-________________________________________________________________________________
309- Speaker of the House of Delegates.
310-________________________________________________________________________________
311- President of the Senate.
267+ SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect July 19
268+1, 2025. Section 2 of this Act shall remain effective for a period of 1 year and, at the end of 20
269+June 30, 2026, Section 2 of this Act, with no further action required by the General 21
270+Assembly, shall be abrogated and of no further force and effect. 22