2000 Regular Session

SENATE BILL 60

File Code: Insurance - Health Crossfiled with: HOUSE BILL 92
Sponsored By:
Chairman, Finance Committee (Departmental - Insurance Administration, Maryland)
Entitled:
Health Insurance - Risk Based Capital Standards for Insurers and Managed Care Organizations

Synopsis:

Requiring specified insurers to meet specified risk based capital standards; requiring the Insurance Commissioner to take action against health insurers under specified circumstances; requiring the Commissioner, in consultation with the Secretary of Health and Mental Hygiene, to adopt regulations that apply risk based capital standards to specified managed care organizations no later than July 1, 2001; etc.

History by Legislative Date

Senate Action
11/15
Pre-filed
1/12
First Reading Finance
Hearing 1/26 at 1:00 p.m.
1/13
Hearing cancelled
Hearing 1/26 at 2:00 p.m.
1/26
Hearing cancelled
Hearing 2/2 at 1:00 p.m.
1/31
Hearing cancelled
Hearing 2/11 at 1:00 p.m.
2/28
Favorable with Amendments Report by Finance
2/29
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/2
Third Reading Passed (45-1)
4/3
Senate Concur - House Amendment
Third Reading Passed (45-0)
Passed Enrolled
5/19
Governor vetoed - Cross-filed bill was signed
House Action
3/3
First Reading Economic Matters
3/22
Hearing 3/29 at 1:00 p.m.
3/30
Favorable with Amendments Report by Economic Matters
3/28
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/29
Third Reading Passed with Amendments (136-0)
Sponsored by:
Chairman, Finance Comm.
Departmental
Bill indexed under the following Subjects:
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
HEALTH MAINTENANCE ORGANIZATIONS -see also- MAN CARE ORGS
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MANAGED CARE ORGANIZATIONS -see also- HEALTH MAINT ORGS
MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND
RULES AND REGULATIONS
Bill affects the following Statutes:
Health - General
( 15-102.4 , 19-710 , 19-710 )
Insurance
( 4-301 , 4-304 , 4-308 , 4-311 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 567473/1 (PDF)     Offered on: February 29, 2000   at: 10:56 a.m.     Status: Adopted
House
Number: 033894/1 (PDF)     Offered on: March 30, 2000   at: 10:48 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 2, 2000: Third Reading Passed (45-1)
April 3, 2000: Third Reading Passed (45-0)
House
March 29, 2000: Third Reading Passed (136-0)