2005 Regular Session

HOUSE BILL 1079

File Code: Insurance - Other than Health
Sponsored By:
Delegate Feldman
Entitled:
Financial Guaranty Insurance

Synopsis:

Defining "asset-backed security", "credit default swap", and "investment grade" for purposes of financial guaranty insurance; providing that these definitions apply notwithstanding any other provision of the law regarding assets, liabilities, reserves, and investments of financial guaranty insurers; and requiring a financial guaranty insurer's outstanding total liability for specified bonds to be investment grade to a specified extent.

History by Legislative Date

House Action
2/11
First Reading Economic Matters
2/16
Hearing 3/2 at 1:00 p.m.
2/25
Hearing cancelled
2/28
Withdrawn
Senate Action
No Action

Bill indexed under the following Subjects:

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
RULES AND REGULATIONS

Bill affects the following Statutes:

Insurance
( 5-1003 , 5-1005 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note: Not available at this time
Amendments: None offered