Legislation

Title: Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements
Sponsored by: Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Status: Approved by the Governor - Chapter 504
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring a holder of a special permit needed to make agreements with donors for annuity payments to specified entities to submit to the Maryland Insurance Commissioner audited fiscal year-end financial statements of the holder instead of an annual report; requiring the financial statements to be audited by a certified public accountant and presented in a specified manner; authorizing the Commissioner to waive the requirement to submit the financial statements under specified circumstances; 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 9/23/2016 Legislative Date 9/23/2016 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 - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements 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 1/16/2017 Legislative Date 1/16/2017 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 1/17/2017 Legislative Date 1/17/2017 Action Favorable with Amendments {657274/1 Adopted Proceedings 5 Click to view Recorded Media
Chamber Senate Calendar Date 1/17/2017 Legislative Date 1/17/2017 Action Second Reading Passed with Amendments Proceedings 5 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements Proceedings
Chamber Senate Calendar Date 1/19/2017 Legislative Date 1/19/2017 Action Third Reading Passed (45-0) Proceedings 7 Click to view Recorded Media
Chamber House Calendar Date 1/20/2017 Legislative Date 1/20/2017 Action Referred Economic Matters Proceedings 8 Click to view Recorded Media
Chamber House Calendar Date 2/22/2017 Legislative Date 2/22/2017 Action Hearing 3/29 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 4/04/2017 Legislative Date 4/04/2017 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 4/04/2017 Legislative Date 3/28/2017 Action Favorable with Amendments {883393/1 Adopted Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/04/2017 Legislative Date 3/28/2017 Action Second Reading Passed with Amendments Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/05/2017 Legislative Date 3/29/2017 Action Third Reading Passed (138-0) Proceedings 63 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2017 Legislative Date 3/31/2017 Action Senate Concurs House Amendments Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2017 Legislative Date 3/31/2017 Action Third Reading Passed (47-0) Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2017 Legislative Date 3/31/2017 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements Proceedings
Chamber Post Passage Calendar Date 5/04/2017 Legislative Date 5/04/2017 Action Approved by the Governor - Chapter 504 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	9/23/2016	9/23/2016	Pre-filed
Senate	1/11/2017	1/11/2017	First Reading Finance
			Text - First - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements
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	1/16/2017	1/16/2017	Favorable with Amendments Report by Finance
Senate	1/17/2017	1/17/2017	Favorable with Amendments {657274/1 Adopted	5 Click to view Recorded Media
Senate	1/17/2017	1/17/2017	Second Reading Passed with Amendments	5 Click to view Recorded Media
			Text - Third - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements
Senate	1/19/2017	1/19/2017	Third Reading Passed (45-0)	7 Click to view Recorded Media
House	1/20/2017	1/20/2017	Referred Economic Matters	8 Click to view Recorded Media
House	2/22/2017	2/22/2017	Hearing 3/29 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	4/04/2017	4/04/2017	Favorable with Amendments Report by Economic Matters
House	4/04/2017	3/28/2017	Favorable with Amendments {883393/1 Adopted	62 Click to view Recorded Media
House	4/04/2017	3/28/2017	Second Reading Passed with Amendments	62 Click to view Recorded Media
House	4/05/2017	3/29/2017	Third Reading Passed (138-0)	63 Click to view Recorded Media
Senate	4/06/2017	3/31/2017	Senate Concurs House Amendments	60 Click to view Recorded Media
Senate	4/06/2017	3/31/2017	Third Reading Passed (47-0)	60 Click to view Recorded Media
Senate	4/06/2017	3/31/2017	Passed Enrolled
			Text - Enrolled - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements
Post Passage	5/04/2017	5/04/2017	Approved by the Governor - Chapter 504
			Text - Chapter - Insurance - Charitable Gift Annuities - Special Permit Holders - Required Financial Statements

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