Legislation

Title: Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
Sponsored by: Delegate Davis
Status: Veto sustained (0-141)
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Establishing requirements relating to the reserves and opinions relating to the reserves for specified life insurance policies, accident and health insurance contracts, and deposit-type contracts issued by specified companies on or after the operative date of a specified valuation manual; authorizing the Maryland Insurance Commissioner to exempt a domestic company from specified reserve requirements and specified information submission requirements under specified circumstances; etc.

Committees

Original:: Health and Government Operations Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Details

Cross-filed with: SB0573

Bill File Type: Regular

Effective Date(s): October 1, 2015

Contingency - on a contingency described in Sec. 4 of the bill

History

Legislation History
Chamber House Calendar Date 1/01/0001 Legislative Date 1/13/2016 Action Veto sustained (0-141) Proceedings
Chamber House Calendar Date 2/12/2015 Legislative Date 2/13/2015 Action First Reading Health and Government Operations Proceedings
Chamber House Calendar Date 2/18/2015 Legislative Date 2/18/2015 Action Hearing 3/12 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/19/2015 Legislative Date 3/20/2015 Action Favorable with Amendments Report by Health and Government Operations Proceedings
Chamber House Calendar Date 3/20/2015 Legislative Date 3/18/2015 Action Favorable with Amendments {306781/1 Report Adopted Proceedings 48
Chamber House Calendar Date 3/20/2015 Legislative Date 3/18/2015 Action Second Reading Passed with Amendments Proceedings 48
Chamber House Calendar Date 3/20/2015 Legislative Date 3/19/2015 Action Third Reading Passed (136-0) Proceedings 49
Chamber Senate Calendar Date 3/23/2015 Legislative Date 3/20/2015 Action First Reading Finance Proceedings 47A
Chamber Senate Calendar Date 3/24/2015 Legislative Date 3/24/2015 Action Hearing 4/01 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 4/01/2015 Legislative Date 4/02/2015 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 4/03/2015 Legislative Date 3/29/2015 Action Favorable Report Adopted Proceedings 56
Chamber Senate Calendar Date 4/03/2015 Legislative Date 3/29/2015 Action Second Reading Passed Proceedings 56
Chamber Senate Calendar Date 4/06/2015 Legislative Date 3/30/2015 Action Third Reading Passed (47-0) Proceedings 57
Chamber House Calendar Date 4/07/2015 Legislative Date 4/01/2015 Action Returned Passed Proceedings 62
Chamber Post Passage Calendar Date 5/12/2015 Legislative Date 5/12/2015 Action Vetoed by the Governor (Duplicative) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/01/0001	1/13/2016	Veto sustained (0-141)
House	2/12/2015	2/13/2015	First Reading Health and Government Operations
House	2/18/2015	2/18/2015	Hearing 3/12 at 1:00 p.m.
House	3/19/2015	3/20/2015	Favorable with Amendments Report by Health and Government Operations
House	3/20/2015	3/18/2015	Favorable with Amendments {306781/1 Report Adopted	48
House	3/20/2015	3/18/2015	Second Reading Passed with Amendments	48
House	3/20/2015	3/19/2015	Third Reading Passed (136-0)	49
Senate	3/23/2015	3/20/2015	First Reading Finance	47A
Senate	3/24/2015	3/24/2015	Hearing 4/01 at 1:00 p.m.
Senate	4/01/2015	4/02/2015	Favorable Report by Finance
Senate	4/03/2015	3/29/2015	Favorable Report Adopted	56
Senate	4/03/2015	3/29/2015	Second Reading Passed	56
Senate	4/06/2015	3/30/2015	Third Reading Passed (47-0)	57
House	4/07/2015	4/01/2015	Returned Passed	62
Post Passage	5/12/2015	5/12/2015	Vetoed by the Governor (Duplicative)

Documents

Date Posted	Document Name
3/20/2015	Amendments House - (Health and Government Operations) {306781/01 Adopted
2/13/2015	Text - First - Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
3/20/2015	Text - Third - Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
7/08/2015	Governor's Veto Letter
3/20/2015	Vote - House - Committee - Health and Government Operations
4/02/2015	Vote - Senate - Committee - Finance
3/19/2015	Vote - House Floor - Third Reading Passed (136-0) - 03/19/15
3/30/2015	Vote - Senate Floor - Third Reading Passed (47-0) - 03/30/15

File Code

Subjects

Statutes