Insurance - Group Retirement Annuities - Protections

SB 648 Insurance Group Retirement Annuities Protections

Maryland 2019 Regular Session

Insurance - Group Retirement Annuities - Protections
SB-648


About SB-648

Providing for the exemption of certain money and assets under certain retirement plans from certain claims; prohibiting the transfer or assumption of certain retirement annuity contracts between certain insurers except under certain circumstances; requiring the prior approval of the Maryland Insurance Commissioner before transferring certain annuity contracts to certain assuming insurers; authorizing the Commissioner to impose certain penalties for certain violations; etc.

  

Bill Texts

Introduced 02/05/2019

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History

Hearing 3/08 At 1:00 P.m.

02/11/2019

First Reading Finance

02/04/2019