Legislation

Title: Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers
Sponsored by: Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Status: Approved by the Governor - Chapter 37
Analysis: Fiscal and Policy Note

Synopsis

Altering the requirements an insurer must meet to be approved as a surplus lines insurer by the Maryland Insurance Commissioner; providing for the expiration of a surplus lines insurer's approval; establishing a process for renewal of a surplus lines insurer's approval; clarifying that a requirement to report specified business subject to tax and pay the tax stated in the report at specified intervals applies only to surplus lines brokers that have transacted surplus lines business in the State during the reporting period; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2017

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/27/2016 Legislative Date 9/27/2016 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/11/2017 Legislative Date 1/11/2017 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers Proceedings
Chamber Senate Calendar Date 1/05/2017 Legislative Date 1/05/2017 Action Hearing 1/12 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 1/13/2017 Legislative Date 1/13/2017 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 1/13/2017 Legislative Date 1/13/2017 Action Favorable Adopted Second Reading Passed Proceedings 3 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers Proceedings
Chamber Senate Calendar Date 1/17/2017 Legislative Date 1/17/2017 Action Third Reading Passed (46-0) Proceedings 5 Click to view Recorded Media
Chamber House Calendar Date 1/17/2017 Legislative Date 1/17/2017 Action Referred Economic Matters Proceedings 5 Click to view Recorded Media
Chamber House Calendar Date 2/22/2017 Legislative Date 2/22/2017 Action Hearing 3/22 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/17/2017 Legislative Date 3/17/2017 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/17/2017 Legislative Date 3/17/2017 Action Hearing 3/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/05/2017 Legislative Date 4/05/2017 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 4/05/2017 Legislative Date 3/29/2017 Action Favorable Adopted Second Reading Passed Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Third Reading Passed (140-0) Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2017 Legislative Date 4/01/2017 Action Returned Passed Proceedings 61 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/11/2017 Legislative Date 4/11/2017 Action Approved by the Governor - Chapter 37 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	9/27/2016	9/27/2016	Pre-filed
Senate	1/11/2017	1/11/2017	First Reading Finance
			Text - First - Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers
Senate	1/05/2017	1/05/2017	Hearing 1/12 at 1:30 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	1/13/2017	1/13/2017	Favorable Report by Finance
Senate	1/13/2017	1/13/2017	Favorable Adopted Second Reading Passed	3 Click to view Recorded Media
			Text - Third - Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers
Senate	1/17/2017	1/17/2017	Third Reading Passed (46-0)	5 Click to view Recorded Media
House	1/17/2017	1/17/2017	Referred Economic Matters	5 Click to view Recorded Media
House	2/22/2017	2/22/2017	Hearing 3/22 at 1:00 p.m.
House	3/17/2017	3/17/2017	Hearing canceled
House	3/17/2017	3/17/2017	Hearing 3/23 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	4/05/2017	4/05/2017	Favorable Report by Economic Matters
House	4/05/2017	3/29/2017	Favorable Adopted Second Reading Passed	63 Click to view Recorded Media
House	4/06/2017	3/30/2017	Third Reading Passed (140-0)	64 Click to view Recorded Media
Senate	4/07/2017	4/01/2017	Returned Passed	61 Click to view Recorded Media
Post Passage	4/11/2017	4/11/2017	Approved by the Governor - Chapter 37
			Text - Chapter - Insurance - Surplus Lines Insurers, Surplus Lines Brokers, and Reinsurers

File Code

Subjects

Statutes