Maryland House Bill 602 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 30 2019 - 100% progression
Action: 2019-04-30 - Approved by the Governor - Chapter 229
Text: Latest bill text (Chaptered) [PDF]

Requiring various authorized reserve real estate investments of insurers other than life insurers to be for the accommodation of business; authorizing other reserve investments to include fee-simple or improved leasehold real estate or interests in limited partnerships formed for the development or ownership of fee-simple or leasehold real estate only under certain circumstances; prohibiting the value of certain reserve investments from exceeding certain percentages of the admitted assets of the insurer; etc.

Insurance - Investments of Insurers Other Than Life Insurers - Real Estate

Del. Dereck Davis [D]

2019-03-24 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2019-03-07 - House - House Floor - Third Reading Passed (140-0) (Y: 141 N: 1 NV: 1 Abs: 6) [PASS]

Date	Chamber	Action
2019-04-30	House	Approved by the Governor - Chapter 229
2019-03-29	House	Returned Passed
2019-03-28	Senate	Third Reading Passed (47-0)
2019-03-27	Senate	Second Reading Passed
2019-03-27	Senate	Favorable Report Adopted
2019-03-25	Senate	Favorable Report by Finance
2019-03-08	Senate	First Reading Finance
2019-03-07	House	Third Reading Passed (140-0)
2019-03-05	House	Second Reading Passed
2019-03-05	House	Favorable Report Adopted
2019-03-04	House	Favorable Report by Economic Matters
2019-02-07	House	Hearing 2/14 at 1:00 p.m.
2019-02-06	House	First Reading Economic Matters

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0602?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/hb/hb0602f.pdf
Text	https://mgaleg.maryland.gov/2019RS/bills/hb/hb0602t.pdf
Text	https://mgaleg.maryland.gov/2019RS/Chapters_noln/CH_229_hb0602t.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0002/hb0602.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/votes_comm/hb0602_ecm.pdf
Roll Call	https://mgaleg.maryland.gov/2019RS/votes/House/0294.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/votes_comm/hb0602_fin.pdf
Roll Call	https://mgaleg.maryland.gov/2019RS/votes/Senate/0854.pdf