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Withdrawn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