Insurance - Impaired Entities - Delinquency Proceedings
Sponsor: Delegate DumaisCommittee: Economic MattersSubject: Insurance - Other than HealthStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 765 (as of Dec 1, 2021)
What this bill does
Official synopsis
Providing that a federal home loan bank may not be stayed or prohibited from exercising certain rights with respect to certain collateral of a certain insurer-member after the 14th day following the filing of a delinquency proceeding; requiring a federal home loan bank to repurchase certain outstanding capital stock of a certain insurer-member under certain circumstances; requiring a federal home loan bank to establish a certain timeline and process within 10 business days after a request from a receiver; etc.
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Testimony (9)
MGA witness listFAV 8FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | D'Alessandro, Carmine | Chesapeake Employers' Insurance Company | Oral |
| FAV | Huff, Michael | FHLBank Atlanta | Oral |
| FAV | Parness, Jonathan | Federal Home Loan Bank of Atlanta | Oral + Written (PDF) |
| FAV | Celentano, Matthewlobbyist | Funk & Bolton, P.A. | Written (PDF) |
| FAV | Wilcox, Rob | Legal & General Retirement America | Oral + Written (PDF) |
| FAV | Lehman, Mindy | Maryland Bankers Assocation | Oral + Written (PDF) |
| FAV | Dumais, Kathleen | Individual | Oral + Written (PDF) |
| FAV | Foster, Michelle | Individual | Written (PDF) |
| INFO | Paddy, Michaellobbyist | Maryland Insurance Administration | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVCelentano, MatthewFunk & Bolton, P.A.Registered for: 38 Degrees North; Advanced Energy United; Alliance of Maryland Dental Plans; Allstate Insurance Company; America's Health Insurance Plans; American Council of Life Insurers…
INFOPaddy, 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.…