CHAPTER NUMBER: 516
File Code: Insurance - Other than Health
Crossfiled with: HOUSE BILL 271
- Sponsored By:
-
Senators Kelley, Astle, Exum, Hafer, Hooper,
Klausmeier, Brinkley, Garagiola, Gladden,
Middleton, and Teitelbaum
- Entitled:
-
Life Insurance - Insurable Interests - Trustees, Partnerships,
Limited Partnerships, and Limited Liability Companies
Providing that the trustee of a trust has an insurable interest in the
life of an individual insured under a life insurance policy owned by
the trust or the trustee of a trust if, on the date on which the
policy is issued, specified conditions are met; providing that a
partnership, limited partnership, or limited liability company has an
insurable interest in the life of an individual insured under a
specified life insurance policy if, on a specified date, specified
conditions are met; etc.
Senate Action
- 1/26
- First Reading Finance
- 2/1
- Hearing 2/15 at 1:00 p.m.
- 2/21
- Favorable with Amendments Report by Finance
- 2/22
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 2/24
- Third Reading Passed (47-0)
- 4/3
- Returned Passed
House Action
- 2/27
- First Reading Health and Government Operations
- 3/15
- Hearing 3/30 at 1:00 p.m.
- 4/4
- Favorable Report by Health and Government Operations
- 3/31
- Favorable Report Adopted
- Second Reading Passed
- 4/1
- Third Reading Passed (136-0)
Action after passage in Senate and House
- 5/26
- Became Law without Governor's signature per Maryland Constitution - Chapter 516
Sponsored by:
- Senator Delores G. Kelley, District 10
- Senator John C. Astle, District 30
- Senator David R. Brinkley, District 4
- Senator Nathaniel Exum, District 24
- Senator Rob Garagiola, District 15
- Senator Lisa A. Gladden, District 41
- Senator John J. Hafer, District 1
- Senator J. Robert Hooper, District 35
- Senator Katherine Klausmeier, District 8
- Senator Thomas M. Middleton, District 28
- Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
- ESTATES AND TRUSTS
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- LIMITED LIABILITY COMPANIES
- PARTNERSHIPS
Bill affects the following Statute:
- Insurance
- (
12-201
)
- 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: 377774/01 (PDF) Offered on: February 22, 2006 at:
10:51 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- February 24, 2006: Third Reading Passed (47-0)
House
- April 1, 2006: Third Reading Passed (136-0)