MD SB167 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 8 2020 - 100% progression
Action: 2020-05-08 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 101
Text: Latest bill text (Engrossed) [PDF]

Summary

Authorizing the Maryland Insurance Commissioner to defer to, rather than use information provided by, the insurance regulatory agency of a state or the National Association of Insurance Commissioners committee process in the certification or rating of an assuming insurer under certain circumstances; requiring that certain credit be allowed when certain reinsurance is ceded to certain assuming insurers that have their head offices or are domiciled in and licensed in a reciprocal jurisdiction; etc.

Tracking Information

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Title

Insurance - Credit for Reinsurance Model Law - Revisions

Sponsors


Roll Calls

2020-03-18 - House - Third Reading Passed (Y: 132 N: 0 NV: 1 Abs: 8) [PASS]
2020-02-20 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2020-05-08SenateEnacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 101
2020-03-18SenateReturned Passed
2020-03-18HouseThird Reading Passed (132-0)
2020-03-17HouseFavorable Adopted Second Reading Passed
2020-03-17HouseFavorable Report by Economic Matters
2020-02-21HouseReferred Economic Matters
2020-02-20SenateThird Reading Passed (46-0)
2020-02-18SenateSecond Reading Passed with Amendments
2020-02-18SenateFavorable with Amendments {967378/1 Adopted
2020-02-17SenateFavorable with Amendments Report by Finance
2020-01-15SenateHearing 2/12 at 1:00 p.m.
2020-01-13SenateFirst Reading Finance

Same As/Similar To

HB189 (Crossfiled) 2020-05-08 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 100

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Insurance5901(n/a)See Bill Text
Insurance5910(n/a)See Bill Text
Insurance5917(n/a)See Bill Text

Maryland State Sources


Bill Comments

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