2023 Regular SessionMaryland Legislature

SB928: Insurance – Credit for Reinsurance Model Law – Reciprocal Jurisdictions

Legislative Summary

Prohibiting the Maryland Insurance Commissioner from removing from a certain list of reciprocal jurisdictions created and published by the Commissioner certain jurisdictions located outside the United States and certain jurisdictions in the United States that meet certain accreditation requirements.

Demographic Impact

Overall analysis of equity impact

90% Positive
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Bill History

2/16/2023
First Reading Senate Rules
Senate
3/8/2023
Rereferred to Finance
Senate
3/10/2023
Hearing 3/15 at 1:00 p.m.
Senate
3/17/2023
Favorable Report by Finance
Senate
3/17/2023
Favorable Adopted
Senate
3/17/2023
Second Reading Passed
Senate
3/17/2023
Third Reading Passed (45-0)
Senate
3/20/2023
Referred Economic Matters
House of Delegates
3/22/2023
Hearing 3/30 at 1:00 p.m.
House of Delegates
4/3/2023
Favorable Report by Economic Matters
House of Delegates
4/3/2023
Favorable Adopted Second Reading Passed
House of Delegates
4/4/2023
Third Reading Passed (140-0)
House of Delegates
4/5/2023
Returned Passed
Senate
5/3/2023
Approved by the Governor - Chapter 267
Senate

Roll Call Votes

Third Reading Passed
4/4/2023
140
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Third Reading Passed
3/17/2023
45
Yea
0
Nay
2
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(5/3/2023)
Chamber
Senate
Sine DiePrior Session

Sponsors

Democrat: 1

Documents

Chaptered
Bill Text5/10/202379.6 KB
Engrossed
Bill Text3/17/202388.9 KB
Introduced
Bill Text2/16/202385.5 KB
Vote Image
Vote Image1/1/197036.9 KB
Vote Image
Vote Image1/1/197044.0 KB