CHAPTER NUMBER: 108
EMERGENCY BILL
File Code: Insurance - Liability and Miscellaneous
- Sponsored By:
-
Delegate Donoghue
- Entitled:
-
Mutual Insurers - Conversion to Stock
Insurers
Altering the manner in which mutual insurers may convert to stock
insurers in the State; repealing the mandatory hearing requirement
before the Maryland Insurance Commissioner may approve a conversion
plan under specified circumstances; requiring a conversion plan to
include specified provisions concerning a holder of a surplus note
participating in the conversion under specified circumstances;
requiring the Commissioner to approve or disapprove a conversion plan
within a specified period of time; etc.
House Action
- 2/13
- First Reading Economic Matters
- Hearing 3/4 at 1:00 p.m.
- 3/12
- Favorable with Amendments Report by Economic Matters
- 3/13
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/17
- Third Reading Passed (136-0)
- 3/31
- House Concur - Senate Amendments
- Third Reading Passed (131-0)
- Passed Enrolled
- 4/8
- Signed by the Governor Chapter 108
Senate Action
- 3/18
- First Reading Finance
- 3/19
- Hearing 3/26 at 1:00 p.m.
- 3/31
- Favorable with Amendments Report by Finance
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/2
- Third Reading Passed with Amendments (45-2)
- Bill indexed under the following Subjects:
- CORPORATIONS -see also- MERGERS
- HEARINGS
- INSURANCE ADMINISTRATION
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- NOTICES
- RULES AND REGULATIONS
- SECURITIES
- Bill affects the following Statutes:
- Insurance
- (
3-121
)
- Article - 48A Insurance Code
- (
270
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 253062/1 (PDF) Offered on: MARCH 13, 1997 at: 10:26
Status: Adopted
- Senate
- Number: 797447/1 (PDF) Offered on: MARCH 31, 1997 at: 21:28
Status: Adopted