Legislation - SB0120

Title: Insurance - Credit for Reinsurance Model Law - Revisions
Sponsored by: Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Status: In the Senate - Hearing 1/19 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Authorizing the Maryland Insurance Commissioner to adopt certain rules and regulations applicable to certain reinsurance arrangements; limiting the application of the rules and regulations to certain reinsurance; providing that the rules and regulations may require a certain insurer to use the manual adopted by the National Association of Insurance Commissioners for a certain purpose; and prohibiting the regulations from applying to certain cessions to certain assuming insurers.

Committees

Original:: Finance

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2021

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/29/2020 Legislative Date 9/29/2020 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 12/23/2020 Legislative Date 12/23/2020 Action Hearing 1/19 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	9/29/2020	9/29/2020	Pre-filed
Senate	1/13/2021	1/13/2021	First Reading Finance
Senate	12/23/2020	12/23/2020	Hearing 1/19 at 1:00 p.m.
			Text - First - Insurance - Credit for Reinsurance Model Law - Revisions

File Code

Subjects

Statutes