2003 Regular Session

SENATE BILL 165

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 114
Sponsored By:
Senator Astle
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

Senate Action
1/27
First Reading Finance
2/19
Hearing 3/11 at 1:00 p.m.
3/17
Favorable with Amendments Report by Finance
3/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (46-0)
3/31
Returned Passed
5/22
Governor vetoed - Cross-filed bill was signed
House Action
3/20
First Reading Economic Matters
3/25
Hearing 3/27 at 1:00 p.m.
3/31
Favorable Report by Economic Matters
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (140-0)
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:
Senate
Number: 317978/01 (PDF)     Offered on: March 18, 2003   at: 11:30 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 20, 2003: Third Reading Passed (46-0)
House
March 28, 2003: Third Reading Passed (140-0)