Legislation

Title: Insurance - Life Insurance and Annuities - Record Retention
Sponsored by: Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
Status: Approved by the Governor - Chapter 112
Analysis: Fiscal and Policy Note

Synopsis

Requiring insurers, except as otherwise provided in certain provisions of law, to maintain records of certain insurance transactions for at least 7 years after an individual or group policy of life insurance or an individual or group annuity is no longer in effect.

Committees

Original:: Finance Click to view Recorded Media

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

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2019

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 10/15/2018 Legislative Date 10/15/2018 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/09/2019 Legislative Date 1/09/2019 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Life Insurance and Annuities - Record Retention Proceedings
Chamber Senate Calendar Date 1/09/2019 Legislative Date 1/09/2019 Action Hearing 1/30 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 1/25/2019 Legislative Date 1/25/2019 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/25/2019 Legislative Date 1/25/2019 Action Hearing 1/30 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/01/2019 Legislative Date 3/01/2019 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/04/2019 Legislative Date 3/04/2019 Action Favorable Adopted Proceedings 38 Click to view Recorded Media
Chamber Senate Calendar Date 3/04/2019 Legislative Date 3/04/2019 Action Second Reading Passed Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Life Insurance and Annuities - Record Retention Proceedings
Chamber Senate Calendar Date 3/06/2019 Legislative Date 3/06/2019 Action Third Reading Passed (47-0) Proceedings 40 Click to view Recorded Media
Chamber House Calendar Date 3/07/2019 Legislative Date 3/07/2019 Action Referred Health and Government Operations Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 3/12/2019 Legislative Date 3/12/2019 Action Hearing 3/21 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Health and Government Operations Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/28/2019 Legislative Date 3/28/2019 Action Favorable Report by Health and Government Operations Proceedings
Chamber House Calendar Date 3/29/2019 Legislative Date 3/21/2019 Action Favorable Adopted Second Reading Passed Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 4/03/2019 Legislative Date 3/24/2019 Action Third Reading Passed (138-0) Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2019 Legislative Date 3/30/2019 Action Returned Passed Proceedings 62 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/18/2019 Legislative Date 4/18/2019 Action Approved by the Governor - Chapter 112 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Insurance - Life Insurance and Annuities - Record Retention Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	10/15/2018	10/15/2018	Pre-filed
Senate	1/09/2019	1/09/2019	First Reading Finance
			Text - First - Insurance - Life Insurance and Annuities - Record Retention
Senate	1/09/2019	1/09/2019	Hearing 1/30 at 1:00 p.m.
Senate	1/25/2019	1/25/2019	Hearing canceled
Senate	1/25/2019	1/25/2019	Hearing 1/30 at 2:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/01/2019	3/01/2019	Favorable Report by Finance
Senate	3/04/2019	3/04/2019	Favorable Adopted	38 Click to view Recorded Media
Senate	3/04/2019	3/04/2019	Second Reading Passed	38 Click to view Recorded Media
			Text - Third - Insurance - Life Insurance and Annuities - Record Retention
Senate	3/06/2019	3/06/2019	Third Reading Passed (47-0)	40 Click to view Recorded Media
House	3/07/2019	3/07/2019	Referred Health and Government Operations	42 Click to view Recorded Media
House	3/12/2019	3/12/2019	Hearing 3/21 at 1:00 p.m.
			Vote - House - Committee - Health and Government Operations	Click to view Recorded Media
House	3/28/2019	3/28/2019	Favorable Report by Health and Government Operations
House	3/29/2019	3/21/2019	Favorable Adopted Second Reading Passed	56 Click to view Recorded Media
House	4/03/2019	3/24/2019	Third Reading Passed (138-0)	59 Click to view Recorded Media
Senate	4/05/2019	3/30/2019	Returned Passed	62 Click to view Recorded Media
Post Passage	4/18/2019	4/18/2019	Approved by the Governor - Chapter 112
			Text - Chapter - Insurance - Life Insurance and Annuities - Record Retention

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Statutes