Legislation
- Title
- Insurance - Risk Retention Groups - Revisions
- Sponsored by
- Chair, Finance Committee (By Request - Departmental - Maryland Insurance Administration)
- Status
- Approved by the Governor - Chapter 667
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring certain domestic risk retention groups to implement certain governance standards; requiring the boards of directors of certain risk retention groups to have a majority of independent directors; establishing certain standards concerning whether a director is independent; providing that a person is deemed to have a material relationship with a certain risk retention group under certain circumstances; providing that certain persons are not considered independent until after certain events; 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, 2018
By Request of the Governor
History
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File Code
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Subjects
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Statutes
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(
25-101 through 25-103 )
Last Updated: 2/3/2020 2:33 PM