2005 Regular Session

SENATE BILL 848

File Code: Insurance - Other than Health
Sponsored By:
Senator Gladden
Entitled:
Financial Guaranty Insurance

Synopsis:

Defining "asset-backed security", "credit default swap", and "investment grade" for purposes of financial guaranty insurance; providing that these definitions apply notwithstanding any other provision of the law regarding assets, liabilities, reserves, and investments of financial guaranty insurers; and requiring a financial guaranty insurer's outstanding total liability for specified bonds to be investment grade to a specified extent.

History by Legislative Date

Senate Action
2/14
First Reading Senate Rules
2/21
Re-referred Finance
3/7
Withdrawn
House Action
No Action

Bill indexed under the following Subjects:

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LIABILITY -see also- GOOD SAMARITAN
RULES AND REGULATIONS

Bill affects the following Statutes:

Insurance
( 5-1003 , 5-1005 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note: Not available at this time
Amendments: None offered