Legislation
- Title
- Insurance - Risk Based Capital Standards - Fraternal Benefit Societies and Life Insurers
- Sponsored by
- Chair, Health and Government Operations Committee (By Request - Departmental - Insurance Administration, Maryland)
- Status
- Approved by the Governor - Chapter 385
- Analysis
- Fiscal and Policy Note
Synopsis
Requiring that a fraternal benefit society's risk based capital be determined in accordance with a specified formula set forth in specified instructions; altering the circumstances under which a company action level event occurs in the case of a life insurer; establishing the circumstances under which a company action level event occurs for a fraternal benefit society; etc.
Committees
Details
Bill File Type: Regular
Effective Date(s): October 1, 2013
By Request of the Governor
History
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Documents
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File Code
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Subjects
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Statutes
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(
4-301, 4-304, 4-305, 4-308, 8-403 )
Last Updated: 2/3/2020 2:27 PM