Maryland Automobile Insurance Fund
The Maryland Automobile Insurance Fund was created in 1972 by the Maryland General Assembly as a residual market mechanism with the goal of providing automobile insurance to individuals who may not have qualified for automobile insurance in the private market.
History
In 1957, it was formerly known as the Unsatisfied Claim and Judgment Fund Board. The name was changed to Maryland Automobile Insurance Fund, on January 1, 1973.In 2006, MAIF was the sixth largest writer of private passenger automobile insurance in the state of Maryland.