Maryland Senate Bill 474 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-07 - Hearing 2/27 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Prohibiting a carrier from imposing a premium rate increase for a policy or contract of long-term care insurance in a year in which the carrier, or any entity with which the carrier is affiliated, pays a dividend, or comparable payment, to its shareholders or a bonus or benefit to any of the executive officers of the carrier or any entity with which the carrier is affiliated that is in addition to the contractually fixed compensation provided to the executive officers for certain services; etc.

Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act)

Sen. Benjamin Kramer [D]

Date	Chamber	Action
2019-02-07	Senate	Hearing 2/27 at 1:00 p.m.
2019-02-04	Senate	First Reading Finance

SB474 (Carry Over) 2019-02-07 - Hearing 2/27 at 1:00 p.m.

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0474?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/sb/sb0474f.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0004/sb0474.pdf