Formerly | The Unsatisfied Claim and Judgment Fund Board |
---|---|
Industry | Automobile insurance |
Founded | 1972 |
Headquarters | Maryland |
Key people | Robert McKinney (Chairman) |
The Maryland Automobile Insurance Fund (MAIF) 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.[ citation needed ]
In 2006, MAIF was the sixth largest writer of private passenger automobile insurance in the state of Maryland.[ citation needed ]
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. [1]
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. [2] [3]
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