SB0008 (CH0036)

Find a 2017 Bill:

2017 Regular Session



Insurance - Risk Management and Own Risk and Solvency Assessment Act

Sponsored by:

Chair, Finance Committee


Approved by the Governor - Chapter 36

Synopsis:Requiring specified carriers to maintain a risk management framework for specified purposes; requiring specified carriers or specified insurance groups to conduct an own risk and solvency assessment regularly or at any time when there are significant changes to the carrier's or insurance group's risk profile; requiring specified carriers to submit to the Maryland Insurance Commissioner a specified report or reports on request or if the Commissioner is the lead state commissioner of a specified insurance group; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): January 1, 2018
By Request of the Governor
FinanceEconomic Matters  View Committee Hearing
Broad Subject(s):Insurance - Other than Health
Narrow Subject(s):Assessments
Committees and Commissions -see also- Political Committees
Communications -see also- Electronic Comm; Language; Telecom
Contracts -see also- Land Installment Contracts; Procurement
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Penalties and Sentences -see also- Death Penalty
Rules and Regulations
Statutes:Article - Insurance
(32-101 through 32-110)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:08 P.M.