HB0724 (CH0385)

2013 Regular Session

 

Entitled:

Insurance - Risk Based Capital Standards - Fraternal Benefit Societies and Life Insurers

Sponsored by:

Chair, Health and Government Operations Committee

Status:

Approved by the Governor - Chapter 385


Synopsis:Requiring that a fraternal benefit society's risk based capital be determined in accordance with a specified formula set forth in specified instructions; altering the circumstances under which a company action level event occurs in the case of a life insurer; establishing the circumstances under which a company action level event occurs for a fraternal benefit society; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Chair, Health and Government Operations Committee (By Request - Departmental - Insurance Administration, Maryland)
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2013
By Request of the Governor
Committee(s):
Health and Government Operations  View Committee HearingFinance  Listen to Committee Hearing
Broad Subject(s):Insurance - Other than Health
Narrow Subject(s):Agents and Brokers
Insurance Administration
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Statutes:Article - Insurance
(4-301, 4-304, 4-305, 4-308, 8-403)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:03 P.M.