CHAPTER NUMBER: 568
File Code: Insurance - Other than Health
Crossfiled with: SENATE BILL 580
- Sponsored By:
-
Delegates Hammen and Donoghue
- Entitled:
-
Insurance - Delinquency Proceedings Against Insolvent Insurers -
Financial Contracts
Providing that a person may not be stayed or otherwise prohibited from
exercising specified rights in delinquency proceedings brought under
specified provisions of law against specified insurers; requiring
specified net or settlement amounts due to any insurer subject to a
specified delinquency proceeding to be transferred to or on the order
of the receiver for the insurer; specifying the manner in which a
receiver in a delinquency proceeding must transfer specified netting
agreements and qualified financial contracts; etc.
House Action
- 2/7
- First Reading Economic Matters
- 2/9
- Hearing 2/22 at 1:00 p.m.
- 3/21
- Favorable Report by Economic Matters
- Favorable Report Adopted
- Second Reading Passed
- 3/22
- Third Reading Passed (135-0)
- 4/2
- Returned Passed
Senate Action
- 3/22
- First Reading Finance
- 3/28
- Hearing 4/1 at 1:00 p.m.
- 4/4
- Favorable Report by Finance
- 4/3
- Favorable Report Adopted
- Second Reading Passed
- 4/4
- Third Reading Passed (46-0)
Action after passage in House and Senate
- 5/26
- Signed by the Governor Chapter 568
Sponsored by:
- Delegate Peter A. Hammen, District 46
- Delegate John P. Donoghue, District 2C
Bill indexed under the following Subjects:
- BANKRUPTCY
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- DAMAGES
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- NOTICES
Bill affects the following Statute:
- Insurance
- (
9-229.1
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
- Roll Call Votes (Legislative dates are shown):
House
- March 22, 2005: Third Reading Passed (135-0)
Senate
- April 4, 2005: Third Reading Passed (46-0)