MD HB252 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Committee Bill
Status: Passed on April 9 2024 - 100% progression
Action: 2024-04-09 - Approved by the Governor - Chapter 121
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Committee Bill
Status: Passed on April 9 2024 - 100% progression
Action: 2024-04-09 - Approved by the Governor - Chapter 121
Text: Latest bill text (Chaptered) [PDF]
Summary
Requiring certain controlling persons of certain insurers in an insurance holding company system to file an annual group calculation as directed by the lead state commissioner of the insurance group; requiring certain controlling persons of certain insurers in an insurance holding company system to file the results of a liquidity stress test for specific data years; providing that certain information is confidential; and authorizing and requiring the Commissioner to take certain actions related to certain information.
Title
Insurance - Holding Companies - Group Capital Calculation and Liquidity Stress Test
Sponsors
Roll Calls
2024-03-27 - Senate - Third Reading Passed (Y: 36 N: 10 NV: 0 Abs: 1) [PASS]
2024-03-13 - House - Third Reading Passed (Y: 120 N: 15 NV: 2 Abs: 4) [PASS]
2024-03-13 - House - Third Reading Passed (Y: 120 N: 15 NV: 2 Abs: 4) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-09 | House | Approved by the Governor - Chapter 121 |
| 2024-03-28 | House | Returned Passed |
| 2024-03-27 | Senate | Third Reading Passed (36-10) |
| 2024-03-26 | Senate | Second Reading Passed |
| 2024-03-26 | Senate | Favorable Adopted |
| 2024-03-25 | Senate | Favorable Report by Finance |
| 2024-03-15 | Senate | Hearing 3/19 at 1:00 p.m. |
| 2024-03-14 | Senate | Referred Finance |
| 2024-03-13 | House | Third Reading Passed (120-15) |
| 2024-03-12 | House | Second Reading Passed with Amendments |
| 2024-03-12 | House | Favorable with Amendments {343024/1 Adopted |
| 2024-03-12 | House | Favorable with Amendments Report by Economic Matters |
| 2024-01-11 | House | Hearing 2/01 at 1:00 p.m. |
| 2024-01-10 | House | First Reading Economic Matters |
| 2023-09-15 | House | Pre-filed |
Subjects
Agents and Brokers
Civil Actions
Contracts
Disclosure
Examinations
Federal Government
Foreign Ownership
Insurance
Insurance - Other than Health
Insurance Administration
International Affairs
Interstate Affairs
Law Enforcement
Notices
Privacy
Records
Registration
Reports
Rules and Regulations
Standards and Best Practices
Trade Secrets
Civil Actions
Contracts
Disclosure
Examinations
Federal Government
Foreign Ownership
Insurance
Insurance - Other than Health
Insurance Administration
International Affairs
Interstate Affairs
Law Enforcement
Notices
Privacy
Records
Registration
Reports
Rules and Regulations
Standards and Best Practices
Trade Secrets
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Insurance | 7 | 101 | (n/a) | See Bill Text |
| Insurance | 7 | 106 | (n/a) | See Bill Text |
| Insurance | 7 | 603 | (n/a) | See Bill Text |
