CHAPTER NUMBER: 514
File Code: Insurance - Other than Health
Crossfiled with: HOUSE BILL 513
- Sponsored By:
-
Senators Kelley and Gladden
- Entitled:
-
Insurance - Loans and Advances Made to Stock Insurers and Mutual
Insurers
Repealing a specified limitation on the interest allowed on a
specified loan or advance made to a stock insurer; requiring that the
instrument evidencing a specified loan or advance be approved in a
specified manner by the Maryland Insurance Commissioner; providing
that a specified loan or advance and any interest on it made to a
mutual insurer is payable only out of the surplus remaining after the
mutual insurer provides for all reserves and other liabilities; etc.
Senate Action
- 1/25
- First Reading Finance
- Hearing 1/31 at 1:30 p.m.
- 2/10
- Favorable with Amendments Report by Finance
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 2/14
- Third Reading Passed (43-0)
- 4/3
- Returned Passed
House Action
- 2/15
- First Reading Economic Matters
- 3/14
- Hearing 3/22 at 1:00 p.m.
- 4/5
- Favorable Report by Economic Matters
- 4/1
- Favorable Report Adopted
- Second Reading Passed
- 4/2
- Third Reading Passed (135-0)
Action after passage in Senate and House
- 5/26
- Became Law without Governor's signature per Maryland Constitution - Chapter 514
Sponsored by:
- Senator Delores G. Kelley, District 10
- Senator Lisa A. Gladden, District 41
Bill indexed under the following Subjects:
- INSURANCE ADMINISTRATION
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- INTEREST
- LOANS -see also- MORTGAGES
- SECURITIES
Bill affects the following Statute:
- Insurance
- (
3-116
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments (Displayed in WordPerfect 8 Format):
Senate
- Number: 307073/01 (PDF) Offered on: February 10, 2006 at:
11:31 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- February 14, 2006: Third Reading Passed (43-0)
House
- April 2, 2006: Third Reading Passed (135-0)