HOUSE BILL 978

CHAPTER NUMBER: 660 File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 763

Sponsored By:

Delegates Krysiak and Brown

Entitled:

Life Insurers - Classes of Reserve Investments

Synopsis:

Altering the classes of reserve investments authorized for life insurers; imposing specified limitations on classes of reserve investments authorized for life insurers; specifying that the reserve investments of a life insurer may include specified foreign investments; etc.

History by Legislative Date

House Action

2/11

First Reading Economic Matters

2/16

Hearing 3/2 at 1:00 p.m.

3/22

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/25

Third Reading Passed (136-0)

3/31

Returned Passed

5/18

Signed by the Governor Chapter 660

Senate Action

3/27

First Reading Finance

3/28

Hearing 3/30 at 1:00 p.m.

4/3

Favorable Report by Finance

4/2

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (45-0)

Sponsored by:

Delegate Carolyn J. Krysiak, District 46

Delegate Anthony G. Brown, District 25

Bill indexed under the following Subjects:

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

INVESTMENTS -see also- SECURITIES

RULES AND REGULATIONS

SECURITIES

Bill affects the following Statutes:

Insurance

( 5-509 , 5-511 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 663099/2 (PDF)     Offered on: March 22, 2000   at: 10:55 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 25, 2000: Third Reading Passed (136-0)

Senate

April 3, 2000: Third Reading Passed (45-0)