Search
Bill number does not exist. Enter a vaild keyword.
Original
Chamber
1st
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
3rd
Reading
Review in
Original Chamber
To Governor
Title
Insurance - Universal and Variable Life Insurance - Notice
Sponsored by
Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Status
In the Senate - Hearing 1/16 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Requiring certain insurers to send a written notice to policyholders of universal or variable life insurance if the policy contains a provision that allows the policyholder to reduce the face amount of the policy; requiring that the notice state certain information; authorizing the insurer to include certain information in a billing statement to the policyholder; and requiring that the notice be sent to the policyholder's last known address at the beginning of a certain grace period and at least 30 days before the termination of coverage.
Committees
Original:
Finance
Details
Bill File Type: Pre-Filed
Effective Date(s): October 1, 2020
By Request of the Governor
History
Legislation History
Chamber
Senate
Calendar Date
9/16/2019
Legislative Date
9/16/2019
Action
Pre-filed
Proceedings
Chamber
Senate
Calendar Date
1/08/2020
Legislative Date
1/08/2020
Action
First Reading Finance
Proceedings
Chamber
Senate
Calendar Date
12/19/2019
Legislative Date
12/19/2019
Action
Hearing 1/16 at 1:00 p.m.
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Insurance - Universal and Variable Life Insurance - Notice
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 9/16/2019 9/16/2019 Pre-filed
Senate 1/08/2020 1/08/2020 First Reading Finance
Senate 12/19/2019 12/19/2019 Hearing 1/16 at 1:00 p.m.
Text - First - Insurance - Universal and Variable Life Insurance - Notice
File Code
Subjects
Statutes
(   16-219 )
Last Updated: 1/19/2020 9:41 AM