Insurance - Credit for Reinsurance Model Law - Revisions
Sponsor: Chair, Finance CommitteeCommittee: FinanceSubject: Insurance - Other than HealthStatus: Approved by the Governor - Chapter 104 (as of Dec 1, 2021)
What this bill does
Official synopsis
Authorizing the Maryland Insurance Commissioner to adopt certain rules and regulations applicable to certain reinsurance arrangements; limiting the application of the rules and regulations to certain reinsurance; providing that the rules and regulations may require a certain insurer to use the manual adopted by the National Association of Insurance Commissioners for a certain purpose; and prohibiting the regulations from applying to certain cessions to certain assuming insurers.
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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 (9)
MGA witness listFAV 9Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Beckner, Lynn | Maryland Insurance Administration | Oral |
| FAV | Birrane, Kathleen | Maryland Insurance Administration | Oral |
| FAV | Paddy, Michaellobbyist | Maryland Insurance Administration | Oral + Written (PDF) |
| FAV | Paddy, Michaellobbyist | Maryland Insurance Administration | Written (PDF) |
| FAV | Beckner, Lynn | Maryland Insurance Administration (MIA) | Oral |
| FAV | Birrane, Commissioner, Kathleen | Maryland Insurance Administration (MIA) | Oral |
| FAV | Ermer, Phil | Maryland Insurance Administration (MIA) | Oral |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Position only |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Oral |
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.…
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.…