Property and Casualty Insurance - Parametric Insurance - Regulation
Sponsor: Arthur Ellis (District 28)Committee: FinanceSubject: Insurance - Other than HealthStatus: Hearing 2/04 at 1:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Establishing requirements and prohibitions for parametric insurance policies that are issued to a resident of the State or are sold, solicited, negotiated, or offered in the State; and authorizing the Maryland Insurance Commissioner to establish a pilot program to provide insurers participating in the pilot program additional opportunities to provide parametric insurance products, serve a public need, protect vulnerable populations, and advance policy goals in the State.
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Testimony (5)
MGA witness listFAV 2FavorableUNF 2UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Ellis, Arthur | Individual | Written (PDF) |
| FAV | Senator Ellis, Senator Ellislegislator | Individual | Oral |
| UNF | Enten, D. Robertlobbyist | American Property & Casualty Ins Assoc | Oral + Written (PDF) |
| UNF | Egan, Nancylobbyist | American Property & Casualty Insurance Association | Written (PDF) |
| INFO | Grant, Marie | Maryland Insurance Administration | Written (PDF) |
Organizations on record
Registered lobbyists who testified
UNFEnten, D. RobertAmerican Property & Casualty Ins AssocRegistered for: AFSCME Council 3; Albertsons Companies, Inc.; American Property Casualty Insurance Association; COPT Defense Properties; CVS Health; CareFirst BlueCross BlueShield…
UNFEgan, NancyAmerican Property & Casualty Insurance AssociationRegistered for: American Property Casualty Insurance Association