Insurance - Other Than Health
Maryland 2019 Regular Session
Insurance - Homeowner's and Renter's Policies - Dog Breed Discrimination [SB-647]
[Insurance ]
[Consumer Protection ]
[Animals ]
Prohibiting an insurer from discriminating against certain breeds or mixed breeds of dogs in an offer of a homeowner's insurance or renter's insurance policy.
Sponsored by: Sen. Katherine Ann Klausmeier
Hearing Canceled on 03/08/2019
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Gettr Maryland 2019 Regular Session
Insurance – Premium Finance – Refunds and Debts [SB-637]
[Insurance ]
[Consumer Protection ]
Authorizing a premium finance company to satisfy a debt owed under a premium finance agreement within the preceding 3 years with a refund due under a premium finance agreement with the same company; and requiring that a premium finance agreement to satisfy a debt with a refund must include a certain disclosure.
Sponsored by: Sen. Stephen S Hershey
Unfavorable Report By Finance; Withdrawn on 03/13/2019
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Maryland 2019 Regular Session
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Homeowner's Insurance - Discrimination in Underwriting and Rating - Status as Surviving Spouse [SB-607]
[Insurance ]
[Consumer Protection ]
[Housing ]
Prohibiting an insurer, with respect to homeowner's insurance, from increasing the premium for an insured who becomes a surviving spouse based solely on the insured's change in marital status.
Sponsored by: Sen. Joanne C. Benson
Approved By The Governor - Chapter 331 on 04/30/2019
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Maryland 2019 Regular Session
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Insurance - Formation of Domestic Insurers - Number of Directors [SB-532]
[Insurance ]
Reducing to 5 the minimum number of members of the board of directors that a domestic financial guaranty insurance company that is prohibited from issuing new policies must have on its board of directors.
Sponsored by: Sen. Joanne C. Benson
Approved By The Governor - Chapter 234 on 04/30/2019
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Maryland 2019 Regular Session
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Insurance - Investments of Insurers Other Than Life Insurers - Real Estate [SB-523]
[Insurance ]
[Real Estate ]
[Investments ]
Requiring various authorized reserve real estate investments of insurers other than life insurers to be for the accommodation of business; authorizing other reserve investments to include fee-simple or improved leasehold real estate or interests in limited partnerships formed for the development or ownership of fee-simple or leasehold real estate only under certain circumstances; prohibiting the value of certain reserve investments from exceeding certain percentages of the admitted assets of the insurer; etc.
Sponsored by: Sen. Brian J. Feldman
Vetoed By The Governor (duplicative) on 05/24/2019
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Maryland 2019 Regular Session
Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act) [SB-474]
[Insurance ]
[Healthcare ]
[Senior Citizens ]
Prohibiting a carrier from imposing a premium rate increase for a policy or contract of long-term care insurance in a year in which the carrier, or any entity with which the carrier is affiliated, pays a dividend, or comparable payment, to its shareholders or a bonus or benefit to any of the executive officers of the carrier or any entity with which the carrier is affiliated that is in addition to the contractually fixed compensation provided to the executive officers for certain services; etc.
Sponsored by: Sen. Benjamin Fred Kramer
Hearing 2/27 At 1:00 P.m. on 02/07/2019
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Maryland 2019 Regular Session
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Long-Term Care Insurance - Contingent Benefit Upon Lapse - Application [SB-46]
[Insurance ]
[Healthcare ]
[Senior Citizens ]
Altering the application of certain provisions of law requiring a carrier to provide to an insured under a policy or contract of long-term care insurance a certain contingent benefit upon lapse under certain circumstances by applying the provisions only to policies or contracts of long-term care insurance issued or delivered in the State before April 1, 2003, for which rate increase filings have been approved by the Maryland Insurance Commissioner on or after June 1, 2019.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 107 on 04/18/2019
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Maryland 2019 Regular Session
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Health Care Provider Malpractice Insurance - Authorization to Settle - Clarification [SB-45]
[Insurance ]
[Healthcare ]
Altering the settlement provision required to be included in policies of health care malpractice insurance to clarify that the insurer is authorized, without restriction, to negotiate and effect a compromise of claims unless the settlement amount exceeds the limits of the insurer's liability.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 106 on 04/18/2019
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Maryland 2019 Regular Session
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Insurance - Corporate Governance Annual Disclosure Act [SB-44]
[Insurance ]
Requiring certain insurers and insurance groups to submit to the Maryland Insurance Commissioner a certain Corporate Governance Annual Disclosure (CGAD) by June 1 each calendar year beginning in 2020; requiring certain insurers to submit a certain CGAD in a certain manner to the commissioner of the lead state for a certain insurance group and in a manner specified in a certain Financial Analysis Handbook; providing for the confidentiality and privilege of certain documents and information contained in and relating to a CGAD; etc.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 105 on 04/18/2019
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Maryland 2019 Regular Session
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Long-Term Care Insurance - Annual Notice [SB-415]
[Insurance ]
[Healthcare ]
[Senior Citizens ]
Requiring certain carriers to provide each insured under a policy or contract of long-term care insurance in the State an annual notice, in writing or electronically, containing the insured's policy form number and the carrier's customer service telephone number.
Sponsored by: Sen. Benjamin Fred Kramer
Approved By The Governor - Chapter 463 on 05/13/2019
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Maryland 2019 Regular Session
Civil Actions - Liability Insurance - Prohibition on Disclaiming Coverage [SB-388]
[Insurance ]
Prohibiting an insurer from disclaiming coverage under a policy of liability insurance on the ground that the insured or a certain person has breached the policy by failing to cooperate with the insurer; and making a conforming change.
Sponsored by: Sen. Robert A Zirkin
Unfavorable Report By Finance; Withdrawn on 03/11/2019
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Maryland 2019 Regular Session
Physicians - Discipline - Procedures and Effects [SB-372]
[Healthcare ]
[Insurance ]
[Law Enforcement ]
[Public Safety ]
Requiring a disciplinary panel to obtain a third peer review report from a certain source or dismiss certain complaints against licensed physicians if only one of the two peer review reports makes a certain finding that a certain violation did not occur; requiring the State Board of Physicians to expunge all records of a public reprimand or probation 3 years after the final disposition of the case; providing certain insurers may not take any adverse actions under certain circumstances; etc.
Sponsored by: Sen. Mary Elizabeth Carozza
Unfavorable Report By Education, Health, And Environmental Affairs; Withdrawn on 03/04/2019
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Maryland 2019 Regular Session
Life Insurance - Prohibition on Discrimination - Opioid Overdose Reversal Drug [SB-312]
[Insurance ]
[Healthcare ]
[Overdose Prevention ]
[Pharmaceuticals ]
[Public Health ]
Prohibiting an insurer, based solely on information about the purchase or possession of an opioid overdose reversal drug by an applicant or insured or a prescription for an opioid overdose reversal drug prescribed to an applicant or insured, from taking certain actions relating to a policy of life insurance; and applying the Act to life insurance policies issued, delivered, or renewed in the State on or after January 1, 2020.
Sponsored by: Sen. James C. Rosapepe
Hearing 3/06 At 1:00 P.m. on 02/11/2019
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Maryland 2019 Regular Session
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Insurance - Insurance Holding Company Model Act [SB-31]
[Insurance ]
Authorizing the Maryland Insurance Commissioner to act as the group-wide supervisor for an internationally active insurance group; authorizing the Commissioner to acknowledge another regulatory official as the group-wide supervisor for a certain internationally active insurance group; authorizing a certain insurance holding company system to request that the Commissioner make a certain determination or acknowledgment of a group-wide supervisor for the system; etc.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 104 on 04/18/2019
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Maryland 2019 Regular Session
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Insurance - Breach of Security of a Computer System - Notification Requirement [SB-30]
[Insurance ]
[Cybersecurity ]
[Data Privacy ]
[Consumer Protection ]
Requiring certain insurance carriers to notify the Maryland Insurance Commissioner in a certain manner of the occurrence of a breach of the security of a system if the carrier conducts a certain investigation and determines that the breach creates a likelihood that personal information has been or will be misused; providing that compliance with the Act does not relieve a carrier from a duty to comply with certain requirements of federal law or certain provisions of State law relating to the protection of personal information; etc.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 103 on 04/18/2019
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Maryland 2019 Regular Session
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Insurance - Licensure of Insurance Producers and Public Adjusters - Continuing Education Requirements [SB-29]
[Insurance ]
Requiring insurance producers and public adjusters to complete the continuing education required under certain provisions of law not later than 15 days before the expiration of the license; requiring that certain regulations require providers of continuing education to submit evidence of course completion to the Commissioner within 10 days after completing a course of continuing education; requiring the Commissioner to report on the effectiveness of certain course offerings to certain legislative committees by December 31, 2019; etc.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 102 on 04/18/2019
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Maryland 2019 Regular Session
Motor Vehicle Insurance - Use of Credit History in Rating Policies [SB-235]
[Insurance ]
[Transportation and Motor Vehicles ]
[Consumer Protection ]
Prohibiting an insurer, with respect to private passenger motor vehicle insurance, from rating a risk based, in whole or in part, on the credit history of an applicant or insured in any manner; repealing certain provisions of law authorizing an insurer to use the credit history of an applicant or insured to rate a new policy of private passenger motor vehicle insurance; applying the Act to all private passenger motor vehicle insurance policies issued, delivered, or renewed in the State on or after October 1, 2019; etc.
Sponsored by: Sen. Susan C Lee
Hearing 2/12 At 1:00 P.m. on 01/28/2019
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Maryland 2019 Regular Session
Motor Vehicle Insurance - Discrimination in Underwriting and Rating - Use of Occupation or Education Level [SB-233]
[Insurance ]
[Transportation and Motor Vehicles ]
[Consumer Protection ]
Prohibiting an insurer, with respect to private passenger motor vehicle insurance, from refusing to underwrite, canceling, refusing to renew, rating a risk, or increasing a renewal premium based, in whole or in part, on the occupation of, or on the education level attained by, the insured or applicant.
Sponsored by: Sen. Susan C Lee
Unfavorable Report By Finance on 03/25/2019
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Maryland 2019 Regular Session
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Insurance - Principle-Based Reserves [SB-227]
[Insurance ]
Altering the exemptions that the Maryland Insurance Commissioner may provide to certain domestic insurance companies from certain reserve requirements; authorizing the Commissioner to exempt a certain domestic insurance company from certain requirements if the company meets the life principle-based reserve exemption criteria in the valuation manual; and repealing certain exemptions to certain reserve requirements.
Sponsored by: Sen. Delores G Kelley
Approved By The Governor - Chapter 245 on 04/30/2019
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Maryland 2019 Regular Session
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Insurance Regulation - Third Party Administrators - Life Insurance [SB-22]
[Insurance ]
Altering the definitions of "administrator" and "plan" to apply certain provisions of law concerning the regulation of administrators of plans to include administrators of plans for life insurance and administrators that act on behalf of life insurers; and making conforming changes.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 100 on 04/18/2019