Legislation

Title: Insurance - Credit for Reinsurance Model Law - Revisions
Sponsored by: Delegate Dumais
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 100
Analysis: Fiscal and Policy Note

Synopsis

Authorizing the Maryland Insurance Commissioner to defer to, rather than use information provided by, the insurance regulatory agency of a state or the National Association of Insurance Commissioners committee process in the certification or rating of an assuming insurer under certain circumstances; requiring that certain credit be allowed when certain reinsurance is ceded to certain assuming insurers that have their head offices or are domiciled in and licensed in a reciprocal jurisdiction; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Committee Testimony

Witness List

Details

Cross-filed with: SB0167

Bill File Type: Regular

Effective Date(s): October 1, 2020

History

Legislation History
Chamber House Calendar Date 1/16/2020 Legislative Date 1/16/2020 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings
Chamber House Calendar Date 1/24/2020 Legislative Date 1/24/2020 Action Hearing 2/05 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/17/2020 Legislative Date 2/17/2020 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 2/18/2020 Legislative Date 2/18/2020 Action Favorable with Amendments {863093/1 Adopted Proceedings 30 Click to view Recorded Media
Chamber House Calendar Date 2/18/2020 Legislative Date 2/18/2020 Action Second Reading Passed with Amendments Proceedings 30 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings
Chamber House Calendar Date 2/20/2020 Legislative Date 2/20/2020 Action Third Reading Passed (139-0) Proceedings 32 Click to view Recorded Media
Chamber Senate Calendar Date 2/21/2020 Legislative Date 2/21/2020 Action Referred Finance Proceedings 33 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/15/2020 Legislative Date 3/15/2020 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/15/2020 Legislative Date 3/10/2020 Action Favorable Adopted Second Reading Passed Proceedings 49 Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2020 Legislative Date 3/11/2020 Action Third Reading Passed (45-0) Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/16/2020 Legislative Date 3/12/2020 Action Returned Passed Proceedings 49AClick to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2020 Legislative Date 5/08/2020 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 100 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Insurance - Credit for Reinsurance Model Law - Revisions Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/16/2020	1/16/2020	First Reading Economic Matters
			Text - First - Insurance - Credit for Reinsurance Model Law - Revisions
House	1/24/2020	1/24/2020	Hearing 2/05 at 2:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	2/17/2020	2/17/2020	Favorable with Amendments Report by Economic Matters
House	2/18/2020	2/18/2020	Favorable with Amendments {863093/1 Adopted	30 Click to view Recorded Media
House	2/18/2020	2/18/2020	Second Reading Passed with Amendments	30 Click to view Recorded Media
			Text - Third - Insurance - Credit for Reinsurance Model Law - Revisions
House	2/20/2020	2/20/2020	Third Reading Passed (139-0)	32 Click to view Recorded Media
Senate	2/21/2020	2/21/2020	Referred Finance	33 Click to view Recorded Media
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/15/2020	3/15/2020	Favorable Report by Finance
Senate	3/15/2020	3/10/2020	Favorable Adopted Second Reading Passed	49 Click to view Recorded Media
Senate	3/16/2020	3/11/2020	Third Reading Passed (45-0)	50 Click to view Recorded Media
House	3/16/2020	3/12/2020	Returned Passed	49AClick to view Recorded Media
Post Passage	5/08/2020	5/08/2020	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 100
			Text - Chapter - Insurance - Credit for Reinsurance Model Law - Revisions

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