SB0019 (CH0037)

Find a 2017 Bill:

2017 Regular Session



Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers

Sponsored by:

Chair, Finance Committee


Approved by the Governor - Chapter 37

Synopsis:Altering the requirements an insurer must meet to be approved as a surplus lines insurer by the Maryland Insurance Commissioner; providing for the expiration of a surplus lines insurer's approval; establishing a process for renewal of a surplus lines insurer's approval; clarifying that a requirement to report specified business subject to tax and pay the tax stated in the report at specified intervals applies only to surplus lines brokers that have transacted surplus lines business in the State during the reporting period; 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): October 1, 2017
By Request of the Governor
Finance  View Committee HearingEconomic Matters  View Committee Hearing
Broad Subject(s):Insurance - Other than Health
Narrow Subject(s):Agents and Brokers
Committees and Commissions -see also- Political Committees
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Records -see also- Land Records; Vital Records
Rules and Regulations
Statutes:Article - Insurance
(2-112, 3-318, 3-325)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:08 P.M.