Maryland Senate Bill 111 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Committee Bill
Status: Passed on May 8 2020 - 100% progression
Action: 2020-05-08 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 527
Text: Latest bill text (Engrossed) [PDF]

Requiring certain insurers to send a written notice to policyholders of universal or variable life insurance if the policy contains a provision that allows the policyholder to reduce the face amount of the policy; requiring that the notice state that the policy allows for a reduction of the face amount as an option to retain coverage and a certain amount to be paid; and requiring that the notice be sent to the policyholder's last known address at the beginning of a certain grace period and at least 30 days before the termination of coverage.

Insurance - Universal and Variable Life Insurance - Notice

Senate Finance Committee

2020-03-17 - House - Third Reading Passed (Y: 134 N: 0 NV: 0 Abs: 7) [PASS]
2020-01-28 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-05-08	Senate	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 527
2020-03-18	Senate	Returned Passed
2020-03-17	House	Third Reading Passed (134-0)
2020-03-16	House	Favorable Adopted Second Reading Passed
2020-03-16	House	Favorable Report by Health and Government Operations
2020-03-15	House	Hearing 3/16 at 11:00 a.m.
2020-03-15	House	Hearing canceled
2020-03-14	House	Hearing 3/17 at 1:00 p.m.
2020-01-29	House	Referred Health and Government Operations
2020-01-28	Senate	Third Reading Passed (46-0)
2020-01-24	Senate	Second Reading Passed with Amendments
2020-01-24	Senate	Favorable with Amendments {517974/1 Adopted
2020-01-23	Senate	Favorable with Amendments Report by Finance
2019-12-19	Senate	Hearing 1/16 at 1:00 p.m.
2020-01-08	Senate	First Reading Finance
2019-09-16	Senate	Pre-filed

Chapter	Article	Section	Citation Type	Statute Text
Insurance	16	219	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0111?ys=2020RS
Text	https://mgaleg.maryland.gov/2020RS/bills/sb/sb0111f.pdf
Text	https://mgaleg.maryland.gov/2020RS/bills/sb/sb0111t.pdf
Amendment	https://mgaleg.maryland.gov/2020RS/amds/bil_0001/sb0111_51797401.pdf
Supplement	https://mgaleg.maryland.gov/2020RS/votes_comm/sb0111_fin.pdf
Supplement	https://mgaleg.maryland.gov/2020RS/votes_comm/sb0111_hgo.pdf
Roll Call	https://mgaleg.maryland.gov/2020RS/votes/Senate/0115.pdf
Roll Call	https://mgaleg.maryland.gov/2020RS/votes/House/1103.pdf