SENATE BILL 266

CHAPTER NUMBER: 333 File Code: Insurance - Health and Life Crossfiled with: HOUSE BILL 486

Sponsored By:

Senators Ruben and Forehand

Entitled:

Charitable Gift Annuities - Issuance of Special Permits - Qualifications of Educational or Religious Organizations

Synopsis:

Altering the qualifications of an educational or religious organization to which the Maryland Insurance Commissioner may issue a special permit to make agreements for annuity payments with donors to require that the organization be engaged in bona fide educational or religious activities rather than solely engaged in bona fide educational or religious activities.

History by Legislative Date

Senate Action

2/4

First Reading Finance

Hearing 2/24 at 1:00 p.m.

3/1

Favorable Report by Finance

3/3

Favorable Report Adopted

Second Reading Passed

3/5

Third Reading Passed (44-0)

4/5

Return Passed

5/13

Signed by the Governor Chapter 333

House Action

3/8

First Reading Economic Matters

3/17

Hearing 4/1 at 1:00 p.m.

4/2

Favorable Report by Economic Matters

3/31

Favorable Report Adopted

Second Reading Passed

4/1

Third Reading Passed (138-0)

Sponsored by:

Senator Ida G. Ruben, District 20

Senator Jennie M. Forehand, District 17

Bill indexed under the following Subjects:

EDUCATION -see also- PUBLIC SCHOOLS; SPECIAL ED.; HIGHER ED.

GIFTS

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

LICENSES -see also- ALC. BEVERAGES LIC; DRIVERS' LIC

NONPROFIT ORGANIZATIONS

RELIGION -see also- CHURCHES

Bill affects the following Statute:

Insurance

( 16-114 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

March 5, 1999: Third Reading Passed (44-0)

House

April 1, 1999: Third Reading Passed (138-0)