HOUSE BILL 919

Sponsored By:

Delegates Barve and Gordon

Entitled:

Financial Guaranty Insurance - Risk Limits

Synopsis:

Authorizing the Insurance Commissioner to establish by regulation limits on the risk retained by an insurer for a subject of financial guaranty insurance, including requirements for contingency reserves used in determining compliance with the applicable risk limits.

History by Legislative Date

House Action

2/12

First Reading Economic Matters

2/17

Hearing 3/11 at 1:00 p.m.

3/25

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/26

Third Reading Passed (137-0)

4/4

Return Passed

5/27

Governor vetoed - Cross-filed bill was signed

Senate Action

3/29

First Reading Finance

3/30

Hearing 4/2 at 1:00 p.m.

4/5

Favorable Report by Finance

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (45-0)

Sponsored by:

Delegate Kumar P. Barve, District 17

Delegate Michael R. Gordon, District 17

Bill indexed under the following Subjects:

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

MUNICIPAL CORPORATIONS

RULES AND REGULATIONS

Bill affects the following Statutes:

Insurance

( 5-1003 , 5-1005 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 403889/1 (PDF)     Offered on: March 25, 1999   at: 11:01 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 26, 1999: Third Reading Passed (137-0)

Senate

April 6, 1999: Third Reading Passed (45-0)