Maryland Senate Bill 523 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Vetoed on May 24 2019 - 100% progression
Action: 2019-05-24 - Vetoed by the Governor (Duplicative)
Text: Latest bill text (Engrossed) [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

Sen. Pamela Beidle [D]

Sen. Brian Feldman [D]

2019-03-27 - House - House Floor - Third Reading Passed (134-0) (Y: 134 N: 0 NV: 5 Abs: 2) [PASS]
2019-03-15 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 48 N: 1 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2019-05-24	Senate	Vetoed by the Governor (Duplicative)
2019-04-05	Senate	Returned Passed
2019-04-04	House	Third Reading Passed (134-0)
2019-04-03	House	Second Reading Passed
2019-04-03	House	Favorable Report Adopted
2019-04-03	House	Favorable Report by Economic Matters
2019-03-15	House	First Reading Economic Matters
2019-03-15	Senate	Third Reading Passed (47-0)
2019-03-13	Senate	Second Reading Passed
2019-03-13	Senate	Favorable Report Adopted
2019-03-13	Senate	Favorable Report by Finance
2019-03-08	Senate	Hearing 3/12 at 9:00 a.m.
2019-03-08	Senate	Hearing canceled
2019-02-11	Senate	Hearing 3/12 at 1:00 p.m.
2019-02-04	Senate	First Reading Finance

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0523?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/sb/sb0523f.pdf
Text	https://mgaleg.maryland.gov/2019RS/bills/sb/sb0523t.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0003/sb0523.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/votes_comm/sb0523_fin.pdf
Roll Call	https://mgaleg.maryland.gov/2019RS/votes/Senate/0577.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/votes_comm/sb0523_ecm.pdf
Roll Call	https://mgaleg.maryland.gov/2019RS/votes/House/1326.pdf