MD SB411 | 2021 | Regular Session
Note: Carry Over of previous SB474
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 15 2021 - 25% progression, died in committee
Action: 2021-01-15 - Hearing 2/03 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2021 - 25% progression, died in committee
Action: 2021-01-15 - Hearing 2/03 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-15 | Senate | Hearing 2/03 at 1:00 p.m. |
| 2021-01-15 | Senate | First Reading Finance |
Same As/Similar To
SB474 (Carry Over) 2019-02-07 - Hearing 2/27 at 1:00 p.m.
Subjects
Code Citations
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0411?ys=2021RS |
| Text | https://mgaleg.maryland.gov/2021RS/bills/sb/sb0411f.pdf |
