MD SB217 | 2011 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on April 12 2011 - 100% progression
Action: 2011-04-12 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on April 12 2011 - 100% progression
Action: 2011-04-12 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Summary
Prohibiting an insurer from offering a specified retained asset account as the mode of settlement of proceeds payable under a life insurance policy or annuity contract unless the insurer makes a specified offer and complies with specified disclosure requirements; requiring an insurer to disclose in writing to a beneficiary all the settlement options available under a specified policy or contract under specified circumstances; etc.
Title
Life Insurance and Annuities - Retained Asset Accounts - Beneficiaries' Bill of
Sponsors
Roll Calls
2011-04-03 - House - Third Reading Passed (Y: 138 N: 0 NV: 1 Abs: 2) [PASS]
2011-03-17 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2011-03-17 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2011-04-12 | Approved by the Governor | |
| 2011-04-03 | Third Reading Passed (138-0) | |
| 2011-04-02 | Second Reading Passed | |
| 2011-04-02 | Favorable Report Adopted | |
| 2011-04-05 | Favorable Report by Health and Government Operations | |
| 2011-03-23 | Hearing 3/31 at 1:00 p.m. | |
| 2011-03-17 | First Reading Health and Government Operations | |
| 2011-04-04 | Returned Passed | |
| 2011-03-17 | Third Reading Passed (47-0) | |
| 2011-03-15 | Second Reading Passed with Amendments | |
| 2011-03-15 | Favorable with Amendments Report Adopted | |
| 2011-03-14 | Favorable with Amendments Report by Finance | |
| 2011-02-01 | Hearing 2/16 at 1:00 p.m. | |
| 2011-01-27 | First Reading Finance |
