2002 Regular Session

SENATE BILL 165

File Code: Insurance - Other than Health Prior Year Introduction As: SB 742/01 - FIN Crossfiled with: HOUSE BILL 217
Sponsored By:
Senators Kelley, Astle, Collins, DeGrange, Della, Dorman, Exum, Frosh, Hafer, Jacobs, Lawlah, Middleton, Mitchell, Neall, and Teitelbaum
Entitled:
Insurance - Viatical Settlement Providers and Viatical Settlement Brokers

Synopsis:

Requiring viatical settlement providers and viatical settlement brokers to register with the Insurance Commissioner; establishing registration requirements; applying the Act to a viatical settlement contract between a viator and a viatical settlement provider; authorizing the Insurance Commissioner to deny a registration to an applicant or refuse to renew, suspend, or revoke a registration; requiring the Maryland Insurance Administration to report to the General Assembly; etc.

History by Legislative Date

Senate Action
1/16
First Reading Finance
1/30
Hearing 2/26 at 1:00 p.m.
2/22
Hearing cancelled
Hearing 2/27 at 1:00 p.m.
3/7
Favorable with Amendments Report by Finance
3/8
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/12
Third Reading Passed (46-0)
House Action
3/12
First Reading Economic Matters
3/20
Hearing 3/28 at 1:00 p.m.
4/1
Withdrawn
Sponsored by:
Senator Delores G. Kelley, District 10
Senator John C. Astle, District 30
Senator Michael J. Collins, District 6
Senator James E. DeGrange, Sr., District 32
Senator George W. Della, Jr., District 47
Senator Arthur Dorman, District 21
Senator Nathaniel Exum, District 24
Senator Brian E. Frosh, District 16
Senator John J. Hafer, District 1
Senator Nancy Jacobs, District 34
Senator Gloria Lawlah, District 26
Senator Thomas M. Middleton, District 28
Senator Clarence M. Mitchell, IV, District 44
Senator Robert R. Neall, District 33
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
AGENTS AND BROKERS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISCLOSURE
DISEASES -see also- AIDS; RABIES
FEES -see also- DEVELOPMENT FEES AND TAXES
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
PENALTIES
REGISTRATION -see also- MOTOR VEHICLE REGISTRATION
REPORTS
RULES AND REGULATIONS
Bill affects the following Statutes:
Insurance
( 8-601 , 8-602 , 8-603 , 8-604 , 8-605 , 8-606 , 8-607 , 8-608 , 8-609 , 8-610 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 577277/3 (PDF)     Offered on: March 8, 2002   at: 12:15 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
March 12, 2002: Third Reading Passed (46-0)