SENATE BILL 455

Sponsored By:

Senator Glassman

Entitled:

Insurance Producers - Limited Lines License - Sale of Insurance Products to Fund Pre-Need Contracts

Synopsis:

Authorizing the Maryland Insurance Commissioner to issue a limited lines license to a licensed mortician or licensed funeral director to sell life insurance or an annuity product used solely to fund a pre- need contract.

History by Legislative and Calendar Date

Senate Action

2/4

First Reading Finance

Hearing 2/24 at 1:00 p.m.

2/6

Hearing cancelled

2/23

Unfavorable Report by Finance Withdrawn

House Action

No Action

Bill indexed under the following Subjects:

Agents and Brokers

Contracts -see also- Land Installment Contracts; Procurement

Funerals

Insurance Administration

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses

Morticians

Bill affects the following Statute:

Insurance

( 10-125.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Not available at this time

Amendments: None offered