---
type: "Bill"
title: "Insurance - Formation of Domestic Insurers - Number of Directors"
description: "Insurance - Formation of Domestic Insurers - Number of Directors"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2019"
identifier: "SB 532"
citation: "Maryland SB 532 (2019)"
classification: ["bill"]
subjects: ["Insurance - Other than Health", "Corporations", "Insurance"]
status: "enacted"
primary_sponsors: ["Klausmeier"]
version_count: 1
action_count: 13
vote_count: 2
first_action: "2019-02-04"
last_action: "2019-04-30"
source: "openstates"
source_identifier: "ocd-bill/872f323b-1714-44f0-8906-e51b7da4c9bb"
source_url: "http://mgaleg.maryland.gov/webmga/frmMain.aspx?id=SB532&stab=01&pid=billpage&tab=subject3&ys=2019rs"
source_hash: "42b9c3d5fc03db5e8adf27b89c28392ddcb85a318e4d3a97ffd756075eb272e5"
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 532 (2019) — Insurance - Formation of Domestic Insurers - Number of Directors

## 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/sb0532f.pdf)

## Votes

- On Third Reading — **138–0** (pass) · lower
- On Third Reading — **47–0** (pass) · upper

## Sponsors

- Klausmeier — primary (person)
- Beidle — cosponsor (person)
- Benson — cosponsor (person)
- Feldman — cosponsor (person)
- Hayes — cosponsor (person)
- Reilly — cosponsor (person)

## Timeline

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

- **2019-02-04** First Reading Finance `referral-committee`
- **2019-02-11** Hearing 3/08 at 1:00 p.m.
- **2019-03-11** Favorable Report by Finance `committee-passage-favorable`
- **2019-03-12** Favorable Report Adopted `committee-passage-favorable`
- **2019-03-12** Second Reading Passed
- **2019-03-14** Third Reading Passed (47-0) `passage`
- **2019-03-14** First Reading Economic Matters `referral-committee`
- **2019-03-28** Favorable Report by Economic Matters `committee-passage-favorable`
- **2019-03-28** Favorable Report Adopted `committee-passage-favorable`
- **2019-03-28** Second Reading Passed
- **2019-04-03** Third Reading Passed (138-0) `passage`
- **2019-04-05** Returned Passed
- **2019-04-30** Approved by the Governor - Chapter 234 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/872f323b-1714-44f0-8906-e51b7da4c9bb`. Confidence: reported (aggregated from official Maryland legislature records).