Legislation - SB0167

Title: Insurance - Credit for Reinsurance Model Law - Revisions
Sponsored by: Senator Kelley
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 101
Analysis: Fiscal and Policy Note

Synopsis

Authorizing the Maryland Insurance Commissioner to defer to, rather than use information provided by, the insurance regulatory agency of a state or the National Association of Insurance Commissioners committee process in the certification or rating of an assuming insurer under certain circumstances; requiring that certain credit be allowed when certain reinsurance is ceded to certain assuming insurers that have their head offices or are domiciled in and licensed in a reciprocal jurisdiction; etc.

Committees

Original:: Finance

Opposite:: Economic Matters

Details

Cross-filed with: HB0189

Bill File Type: Regular

Effective Date(s): October 1, 2020

History

Legislation History
Chamber Senate Calendar Date 1/13/2020 Legislative Date 1/13/2020 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings
Chamber Senate Calendar Date 1/15/2020 Legislative Date 1/15/2020 Action Hearing 2/12 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings
Chamber Senate Calendar Date 2/17/2020 Legislative Date 2/17/2020 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 2/18/2020 Legislative Date 2/18/2020 Action Favorable with Amendments {967378/1 Adopted Proceedings 30
Chamber Senate Calendar Date 2/18/2020 Legislative Date 2/18/2020 Action Second Reading Passed with Amendments Proceedings 30
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings
Chamber Senate Calendar Date 2/20/2020 Legislative Date 2/20/2020 Action Third Reading Passed (46-0) Proceedings 32
Chamber House Calendar Date 2/21/2020 Legislative Date 2/21/2020 Action Referred Economic Matters Proceedings 33
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings
Chamber House Calendar Date 3/17/2020 Legislative Date 3/17/2020 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/17/2020 Legislative Date 3/14/2020 Action Favorable Adopted Second Reading Passed Proceedings 51A
Chamber House Calendar Date 3/18/2020 Legislative Date 3/16/2020 Action Third Reading Passed (132-0) Proceedings 53
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Returned Passed Proceedings 53C
Chamber Post Passage Calendar Date 5/08/2020 Legislative Date 5/08/2020 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 101 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/13/2020	1/13/2020	First Reading Finance
			Text - First - Insurance - Credit for Reinsurance Model Law - Revisions
Senate	1/15/2020	1/15/2020	Hearing 2/12 at 1:00 p.m.
			Vote - Senate - Committee - Finance
Senate	2/17/2020	2/17/2020	Favorable with Amendments Report by Finance
Senate	2/18/2020	2/18/2020	Favorable with Amendments {967378/1 Adopted	30
Senate	2/18/2020	2/18/2020	Second Reading Passed with Amendments	30
			Text - Third - Insurance - Credit for Reinsurance Model Law - Revisions
Senate	2/20/2020	2/20/2020	Third Reading Passed (46-0)	32
House	2/21/2020	2/21/2020	Referred Economic Matters	33
			Vote - House - Committee - Economic Matters
House	3/17/2020	3/17/2020	Favorable Report by Economic Matters
House	3/17/2020	3/14/2020	Favorable Adopted Second Reading Passed	51A
House	3/18/2020	3/16/2020	Third Reading Passed (132-0)	53
Senate	3/18/2020	3/15/2020	Returned Passed	53C
Post Passage	5/08/2020	5/08/2020	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 101
			Text - Chapter - Insurance - Credit for Reinsurance Model Law - Revisions

File Code

Subjects

Statutes