HB 67 - Establishes Violations for Unauthorized Insurers - Maryland Key Vote
Mark Fisher voted Nay (Passage) on this Legislation.
Timeline
- House Bill Passed
- March 18, 2024
- Introduced
- Jan. 10, 2024
Related Issues
Stage Details
Title: Establishes Violations for Unauthorized Insurers
Vote Smart's Synopsis:
Vote to pass a bill that establishes violations for unauthorized insurers or violators of the State insurance law in Maryland.
Highlights:
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Establishes violations for unauthorized insurers or violators of the State insurance law in Maryland (Sec. 1).
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Increases penalties for unauthorized insurers from $50,000 to $125,000 for each violation found and $500 to $5,000 for each violation associated with revocation of licenses (Sec. 1).
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Specifies that the provisions of this bill shall take effect October 1, 2024 (Sec. 2).
Title: Establishes Violations for Unauthorized Insurers
Committee Sponsors
- Economic Matters Committee (Sponsor)