---
type: "Bill"
title: "Insurance - Principle-Based Reserves"
description: "Insurance - Principle-Based Reserves"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2019"
identifier: "SB 227"
citation: "Maryland SB 227 (2019)"
classification: ["bill"]
subjects: ["Insurance - Other than Health", "Corporations", "Insurance Administration", "Insurance"]
status: "enacted"
primary_sponsors: ["Kelley"]
version_count: 1
action_count: 13
vote_count: 2
first_action: "2019-01-24"
last_action: "2019-04-30"
source: "openstates"
source_identifier: "ocd-bill/f3a40a34-be9d-44f0-93e9-fcd1e302a905"
source_url: "http://mgaleg.maryland.gov/webmga/frmMain.aspx?id=SB227&stab=01&pid=billpage&tab=subject3&ys=2019rs"
source_hash: "4b8517fada8a9eac34fdfa89b079d3bdb3a13c7918e3053de5608c77037dddb0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 227 (2019) — Insurance - Principle-Based Reserves

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](http://mgaleg.maryland.gov/2019RS/bills/sb/sb0227f.pdf)

## Votes

- On Third Reading — **135–0** (pass) · lower
- On Third Reading — **46–0** (pass) · upper

## Sponsors

- Kelley — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-01-24** First Reading Finance `referral-committee`
- **2019-01-28** Hearing 2/13 at 1:00 p.m.
- **2019-02-19** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2019-02-20** Favorable with Amendments {337176/1 Report Adopted `committee-passage-favorable`
- **2019-02-20** Second Reading Passed with Amendments
- **2019-02-22** Third Reading Passed (46-0) `passage`
- **2019-02-25** First Reading Economic Matters `referral-committee`
- **2019-04-08** Favorable Report by Economic Matters `committee-passage-favorable`
- **2019-04-08** Favorable Report Adopted `committee-passage-favorable`
- **2019-04-08** Second Reading Passed
- **2019-04-08** Third Reading Passed (135-0) `passage`
- **2019-04-08** Returned Passed
- **2019-04-30** Approved by the Governor - Chapter 245 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f3a40a34-be9d-44f0-93e9-fcd1e302a905`. Confidence: reported (aggregated from official Maryland legislature records).