HOUSE BILL 114

Sponsored By:

Delegate Fulton

Entitled:

Insurance - Reinsurance - Ceding Insurers

Synopsis:

Altering the circumstances under which credit, as an asset or deduction from liability, may be allowed to a ceding insurer for reinsurance; repealing a provision of law that prohibits the Maryland Insurance Commissioner from approving or accepting reinsurance by a ceding domestic insurer under specified circumstances; requiring specified payments made by a reinsurer to be made directly to the ceding insurer or its domiciliary receiver except under specified circumstances; etc.

History by Legislative Date

House Action

1/24

First Reading Health and Government Operations

1/31

Re-assigned Economic Matters

2/12

Hearing 2/20 at 1:00 p.m.

3/12

Favorable with Amendments Report by Economic Matters

3/13

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/18

Third Reading Passed (138-1)

3/26

Returned Passed

4/22

Signed by the Governor Chapter 119

Senate Action

3/19

First Reading Finance

3/20

Hearing 3/21 at 1:00 p.m.

3/26

Favorable Report by Finance

3/25

Favorable Report Adopted

Second Reading Passed

3/26

Third Reading Passed (46-0)

Bill indexed under the following Subjects:

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

LIABILITY -see also- GOOD SAMARITAN

NOTICES

Bill affects the following Statutes:

Insurance

( 5-901 , 5-904 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 233094/01 (PDF)     Offered on: March 13, 2003   at: 10:14 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 18, 2003: Third Reading Passed (138-1)

Senate

March 26, 2003: Third Reading Passed (46-0)