Legislation

Title: Insurance - Investments of Insurers Other Than Life Insurers - Real Estate
Sponsored by: Delegate D.E. Davis
Status: Approved by the Governor - Chapter 229
Analysis: Fiscal and Policy Note

Synopsis

Requiring various authorized reserve real estate investments of insurers other than life insurers to be for the accommodation of business; authorizing other reserve investments to include fee-simple or improved leasehold real estate or interests in limited partnerships formed for the development or ownership of fee-simple or leasehold real estate only under certain circumstances; prohibiting the value of certain reserve investments from exceeding certain percentages of the admitted assets of the insurer; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Details

Cross-filed with: SB0523

Bill File Type: Regular

Effective Date(s): October 1, 2019

History

Legislation History
Chamber House Calendar Date 2/06/2019 Legislative Date 2/06/2019 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Investments of Insurers Other Than Life Insurers - Real Estate Proceedings
Chamber House Calendar Date 2/07/2019 Legislative Date 2/07/2019 Action Hearing 2/14 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/04/2019 Legislative Date 3/04/2019 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/05/2019 Legislative Date 3/05/2019 Action Favorable Adopted Second Reading Passed Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Insurance - Investments of Insurers Other Than Life Insurers - Real Estate Proceedings
Chamber House Calendar Date 3/07/2019 Legislative Date 3/07/2019 Action Third Reading Passed (140-0) Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/08/2019 Legislative Date 3/08/2019 Action Referred Finance Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/25/2019 Legislative Date 3/25/2019 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/27/2019 Legislative Date 3/23/2019 Action Favorable Adopted Second Reading Passed Proceedings 55 Click to view Recorded Media
Chamber Senate Calendar Date 3/28/2019 Legislative Date 3/24/2019 Action Third Reading Passed (47-0) Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 3/29/2019 Legislative Date 3/21/2019 Action Returned Passed Proceedings 56 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/30/2019 Legislative Date 4/30/2019 Action Approved by the Governor - Chapter 229 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Insurance - Investments of Insurers Other Than Life Insurers - Real Estate Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/06/2019	2/06/2019	First Reading Economic Matters
			Text - First - Insurance - Investments of Insurers Other Than Life Insurers - Real Estate
House	2/07/2019	2/07/2019	Hearing 2/14 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/04/2019	3/04/2019	Favorable Report by Economic Matters
House	3/05/2019	3/05/2019	Favorable Adopted Second Reading Passed	40 Click to view Recorded Media
			Text - Third - Insurance - Investments of Insurers Other Than Life Insurers - Real Estate
House	3/07/2019	3/07/2019	Third Reading Passed (140-0)	42 Click to view Recorded Media
Senate	3/08/2019	3/08/2019	Referred Finance	42 Click to view Recorded Media
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/25/2019	3/25/2019	Favorable Report by Finance
Senate	3/27/2019	3/23/2019	Favorable Adopted Second Reading Passed	55 Click to view Recorded Media
Senate	3/28/2019	3/24/2019	Third Reading Passed (47-0)	56 Click to view Recorded Media
House	3/29/2019	3/21/2019	Returned Passed	56 Click to view Recorded Media
Post Passage	4/30/2019	4/30/2019	Approved by the Governor - Chapter 229
			Text - Chapter - Insurance - Investments of Insurers Other Than Life Insurers - Real Estate

File Code

Subjects

Statutes