Legislation

Title: Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
Sponsored by: Senator Kelley
Status: Approved by the Governor - Chapter 367
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Establishing requirements relating to the reserves and opinions relating to the reserves for specified life insurance policies, accident and health insurance contracts, and deposit-type contracts issued by specified companies on or after the operative date of a specified valuation manual; authorizing the Maryland Insurance Commissioner to exempt a domestic company from specified reserve requirements and specified information submission requirements under specified circumstances; etc.

Committees

Original:: Finance Click to view Recorded Media

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

Details

Cross-filed with: HB0770

Bill File Type: Regular

Effective Date(s): October 1, 2015

Contingency - on a contingency described in Sec. 4 of the bill

History

Legislation History
Chamber Senate Calendar Date 2/09/2015 Legislative Date 2/06/2015 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 2/11/2015 Legislative Date 2/11/2015 Action Hearing 3/04 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/19/2015 Legislative Date 3/20/2015 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/20/2015 Legislative Date 3/20/2015 Action Favorable with Amendments {317272/1 Report Adopted Proceedings 47
Chamber Senate Calendar Date 3/20/2015 Legislative Date 3/20/2015 Action Second Reading Passed with Amendments Proceedings 47
Chamber Senate Calendar Date 3/24/2015 Legislative Date 3/21/2015 Action Third Reading Passed (47-0) Proceedings 48
Chamber House Calendar Date 3/25/2015 Legislative Date 3/23/2015 Action First Reading Health and Government Operations Proceedings 53
Chamber House Calendar Date 3/26/2015 Legislative Date 3/26/2015 Action Hearing 4/02 at 1:00 p.m. Proceedings
Chamber House Calendar Date 4/03/2015 Legislative Date 4/06/2015 Action Favorable Report by Health and Government Operations Proceedings
Chamber House Calendar Date 4/07/2015 Legislative Date 4/01/2015 Action Favorable Report Adopted Proceedings 62
Chamber House Calendar Date 4/07/2015 Legislative Date 4/01/2015 Action Second Reading Passed Proceedings 62
Chamber House Calendar Date 4/08/2015 Legislative Date 4/02/2015 Action Third Reading Passed (138-0) Proceedings 63
Chamber Senate Calendar Date 4/09/2015 Legislative Date 4/02/2015 Action Returned Passed Proceedings 60
Chamber Post Passage Calendar Date 5/12/2015 Legislative Date 5/12/2015 Action Approved by the Governor - Chapter 367 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/09/2015	2/06/2015	First Reading Finance
Senate	2/11/2015	2/11/2015	Hearing 3/04 at 1:00 p.m.
Senate	3/19/2015	3/20/2015	Favorable with Amendments Report by Finance
Senate	3/20/2015	3/20/2015	Favorable with Amendments {317272/1 Report Adopted	47
Senate	3/20/2015	3/20/2015	Second Reading Passed with Amendments	47
Senate	3/24/2015	3/21/2015	Third Reading Passed (47-0)	48
House	3/25/2015	3/23/2015	First Reading Health and Government Operations	53
House	3/26/2015	3/26/2015	Hearing 4/02 at 1:00 p.m.
House	4/03/2015	4/06/2015	Favorable Report by Health and Government Operations
House	4/07/2015	4/01/2015	Favorable Report Adopted	62
House	4/07/2015	4/01/2015	Second Reading Passed	62
House	4/08/2015	4/02/2015	Third Reading Passed (138-0)	63
Senate	4/09/2015	4/02/2015	Returned Passed	60
Post Passage	5/12/2015	5/12/2015	Approved by the Governor - Chapter 367

Documents

Date Posted	Document Name
3/20/2015	Amendments Senate - (Finance) {317272/01 Adopted
2/10/2015	Text - First - Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
3/21/2015	Text - Third - Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
6/15/2015	Text - Chapter - Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements
3/20/2015	Vote - Senate - Committee - Finance
4/06/2015	Vote - House - Committee - Health and Government Operations
3/21/2015	Vote - Senate Floor - Third Reading Passed (47-0) - 03/21/15
4/02/2015	Vote - House Floor - Third Reading Passed (138-0) - 04/02/15

File Code

Subjects

Statutes