2004 Regular Session

HOUSE BILL 533

CHAPTER NUMBER: 49 File Code: Insurance - Health
Sponsored By:
Chairman, Economic Matters Committee (By Request - Departmental - Insurance Administration, Maryland)
Entitled:
Insurance - Impaired Insurers

Synopsis:

Altering the definition of impaired insurer, as it applies to stock insurers and mutual insurers, so as to provide that an impaired insurer is a stock or mutual insurer the assets of which, less all liabilities and required reserves, do not equal or exceed the minimum surplus required under the law for authority to engage in the business of a stock or mutual insurer.

History by Legislative Date

House Action
2/2
First Reading Economic Matters
2/9
Hearing 2/17 at 1:00 p.m.
3/8
Favorable Report by Economic Matters
3/9
Favorable Report Adopted
Second Reading Passed
3/11
Third Reading Passed (135-0)
4/2
Returned Passed
4/13
Signed by the Governor Chapter 49
Senate Action
3/12
First Reading Finance
3/16
Hearing 3/30 at 1:00 p.m.
4/1
Favorable Report by Finance
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (47-0)
Sponsored by:
Chairman, Econ. Matters Comm.
Departmental
Bill indexed under the following Subjects:
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
SECURITIES
Bill affects the following Statute:
Insurance
( 9-201 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 11, 2004: Third Reading Passed (135-0)
Senate
April 2, 2004: Third Reading Passed (47-0)