MD SB648 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2019 - 25% progression
Action: 2019-02-11 - Hearing 3/08 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Providing for the exemption of certain money and assets under certain retirement plans from certain claims; prohibiting the transfer or assumption of certain retirement annuity contracts between certain insurers except under certain circumstances; requiring the prior approval of the Maryland Insurance Commissioner before transferring certain annuity contracts to certain assuming insurers; authorizing the Commissioner to impose certain penalties for certain violations; etc.

Tracking Information

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Title

Insurance - Group Retirement Annuities - Protections

Sponsors


History

DateChamberAction
2019-02-11SenateHearing 3/08 at 1:00 p.m.
2019-02-04SenateFirst Reading Finance

Subjects


Maryland State Sources


Bill Comments

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