2003 Regular Session

HOUSE BILL 114

CHAPTER NUMBER: 119 File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 165
Sponsored By:
Delegate Fulton
Entitled:
Insurance - Reinsurance - Ceding Insurers

Synopsis:

Altering the circumstances under which credit, as an asset or deduction from liability, may be allowed to a ceding insurer for reinsurance; repealing a provision of law that prohibits the Maryland Insurance Commissioner from approving or accepting reinsurance by a ceding domestic insurer under specified circumstances; requiring specified payments made by a reinsurer to be made directly to the ceding insurer or its domiciliary receiver except under specified circumstances; etc.

History by Legislative Date

House Action
1/24
First Reading Health and Government Operations
1/31
Re-assigned Economic Matters
2/12
Hearing 2/20 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
3/18
Third Reading Passed (138-1)
3/26
Returned Passed
4/22
Signed by the Governor Chapter 119
Senate Action
3/19
First Reading Finance
3/20
Hearing 3/21 at 1:00 p.m.
3/26
Favorable Report by Finance
3/25
Favorable Report Adopted
Second Reading Passed
3/26
Third Reading Passed (46-0)
Bill indexed under the following Subjects:
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LIABILITY -see also- GOOD SAMARITAN
NOTICES
Bill affects the following Statutes:
Insurance
( 5-901 , 5-904 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 233094/01 (PDF)     Offered on: March 13, 2003   at: 10:14 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 18, 2003: Third Reading Passed (138-1)
Senate
March 26, 2003: Third Reading Passed (46-0)