Insurance - Credit for Reinsurance Model Law - Revisions
Sponsor: Senator KelleyCommittee: FinanceSubject: Insurance - Other than HealthStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 101 (as of Nov 6, 2020)
What this bill does
Official synopsis
Authorizing the Maryland Insurance Commissioner to defer to, rather than use information provided by, the insurance regulatory agency of a state or the National Association of Insurance Commissioners committee process in the certification or rating of an assuming insurer under certain circumstances; requiring that certain credit be allowed when certain reinsurance is ceded to certain assuming insurers that have their head offices or are domiciled in and licensed in a reciprocal jurisdiction; etc.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (8)
MGA witness listFAV 6FavorableFWA 2Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Celentano, Matt | ACLI | Written (PDF) |
| FAV | Celentano, Matt | ACLI | Position only |
| FAV | Ermer, Phil | MIA | Position only |
| FAV | Kozak, Matt | MIA | Position only |
| FAV | Paddy, Michaellobbyist | Maryland Insurance Administration | Oral + Written (PDF) |
| FAV | Senator Kelley, Senator Kelleylegislator | Individual | Oral + Written (PDF) |
| FWA | Egan, Nancylobbyist | APCIA | Oral |
| FWA | Andryszak, Jack | Reinsurance Association of America | Oral + Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVPaddy, MichaelMaryland Insurance AdministrationRegistered for: American Cancer Society Cancer Action Network; Campaign to Protect Patient Health d/b/a Value of Care Coalition; Chase Brexton Health System; Diabetes Patient Advocacy Coalition; Gaudenzia, Inc.; Gilead Sciences, Inc.…