CHAPTER NUMBER: 661
File Code: Insurance - Other than Health
- Sponsored By:
-
Delegate Busch
- Entitled:
-
Insurance - Regulation of Extraordinary Dividends and Distributions
Altering the circumstances under which a dividend or distribution of
cash or other property by a specified insurer is considered
extraordinary; providing that the insurer may not pay an extraordinary
dividend or make a distribution except under specified circumstances;
and clarifying that specified provisions regulating transactions
within insurance holding company systems apply to specified insurers.
House Action
- 2/11
- First Reading Economic Matters
- 2/16
- Hearing 3/2 at 1:00 p.m.
- 3/13
- Favorable Report by Economic Matters
- 3/14
- Favorable Report Adopted
- Second Reading Passed
- 3/17
- Third Reading Passed (138-0)
- 4/4
- House Concur - Senate Amendments
- Third Reading Passed (137-0)
- Passed Enrolled
- 5/18
- Signed by the Governor Chapter 661
Senate Action
- 3/20
- First Reading Finance
- 3/21
- Hearing 3/28 at 1:00 p.m.
- 4/3
- Favorable with Amendments Report by Finance
- 4/2
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/3
- Third Reading Passed with Amendments (45-0)
- Bill indexed under the following Subjects:
- INSURANCE ADMINISTRATION
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- INVESTMENTS -see also- SECURITIES
- NOTICES
- Bill affects the following Statutes:
- Insurance
- (
7-701 ,
7-706
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 407675/1 (PDF) Offered on: April 3, 2000 at:
10:38 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- House
- March 17, 2000: Third Reading Passed (138-0)
- April 4, 2000: Third Reading Passed (137-0)
- Senate
- April 3, 2000: Third Reading Passed (45-0)