Passed BothConf. Cmte
- Insurance - Group Retirement Annuities - Protections
- Sponsored by
- Senator Klausmeier
- In the Senate - Hearing 3/08 at 1:00 p.m.
- Fiscal and Policy Note
Providing for the exemption of certain money and assets under certain retirement plans from certain claims; prohibiting the transfer or assumption of certain retirement annuity contracts between certain insurers except under certain circumstances; requiring the prior approval of the Maryland Insurance Commissioner before transferring certain annuity contracts to certain assuming insurers; authorizing the Commissioner to impose certain penalties for certain violations; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2019
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( 11-504 )
( 16-410, 16-411 )
Last Updated: 2/3/2020 2:34 PM