Legislation - SB0095

Establishing requirements and prohibitions for parametric insurance policies that are issued to a resident of the State or are sold, solicited, negotiated, or offered in the State; and authorizing the Maryland Insurance Commissioner to establish a pilot program to provide insurers participating in the pilot program additional opportunities to provide parametric insurance products, serve a public need, protect vulnerable populations, and advance policy goals in the State.

Committees

Original:: Finance

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2026

History

Legislation History
Chamber Senate Calendar Date 10/31/2025 Legislative Date 10/31/2025 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property and Casualty Insurance - Parametric Insurance - Regulation Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/31/2025	10/31/2025	Pre-filed
Senate	1/14/2026	1/14/2026	First Reading Finance
			Text - First - Property and Casualty Insurance - Parametric Insurance - Regulation

File Code

Subjects

Statutes