2006 Regular Session

HOUSE BILL 513

File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 251
Sponsored By:
Delegates Doory, Conroy, and Krysiak
Entitled:
Insurance - Loans and Advances Made to Stock Insurers and Mutual Insurers

Synopsis:

Repealing a specified limitation on the interest allowed on a specified loan or advance made to a stock insurer; requiring that the instrument evidencing a specified loan or advance be approved in a specified manner by the Maryland Insurance Commissioner; providing that a specified loan or advance and any interest on it made to a mutual insurer is payable only out of the surplus remaining after the mutual insurer provides for all reserves and other liabilities; etc.

History by Legislative Date

House Action
1/31
First Reading Economic Matters
2/8
Hearing 2/22 at 1:00 p.m.
2/27
Favorable with Amendments Report by Economic Matters
2/28
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/2
Third Reading Passed (140-0)
3/31
Returned Passed
Senate Action
3/3
First Reading Finance
3/15
Hearing 3/28 at 1:00 p.m.
3/30
Favorable Report by Finance
3/29
Special Order 3/31 (Senator Kelley) Adopted
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (33-0)
Action after passage in House and Senate
5/26
Governor vetoed - Duplicative

Sponsored by:

Delegate Ann Marie Doory, District 43
Delegate Mary A. Conroy, District 23A
Delegate Carolyn J. Krysiak, District 46

Bill indexed under the following Subjects:

INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INTEREST
LOANS -see also- MORTGAGES
SECURITIES

Bill affects the following Statute:

Insurance
( 3-116 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
House
Number: 123792/01 (PDF)     Offered on: February 28, 2006   at: 10:25 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 2, 2006: Third Reading Passed (140-0)
Senate
March 30, 2006: Third Reading Passed (33-0)