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Legislation


2000 Regular Session

HOUSE BILL 119

CHAPTER NUMBER: 101 File Code: Insurance - Other than Health Prior Year Introduction As: HB 230/99 - ECM Crossfiled with: SENATE BILL 148
Sponsored By:
Delegates Brown, Gordon, Donoghue, Fulton, and Pendergrass
Entitled:
Mutual Insurance Holding Company Act

Synopsis:

Establishing a process by which a mutual insurance company can convert to a stock insurer and form a mutual insurance holding company; requiring mutual insurers that wish to use this process to convert in accordance with a plan of reorganization; requiring a plan of reorganization to contain specified provisions; providing membership rights to specified policyholders; providing for the application of mutual insurance policy terms and conditions after a reorganization; etc.

History by Legislative Date

House Action
1/17
First Reading Economic Matters
Hearing 1/27 at 1:00 p.m.
2/7
Favorable with Amendments Report by Economic Matters
2/8
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/11
Third Reading Passed (136-0)
3/29
Returned Passed
4/25
Signed by the Governor Chapter 101
Senate Action
2/14
First Reading Finance
3/15
Hearing 3/21 at 1:00 p.m.
3/28
Favorable Report by Finance
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (47-0)
Sponsored by:
Delegate Anthony G. Brown, District 25
Delegate John P. Donoghue, District 2C
Delegate Tony E. Fulton, District 40
Delegate Michael R. Gordon, District 17
Delegate Shane E. Pendergrass, District 13A
Bill indexed under the following Subjects:
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
HEARINGS
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
RULES AND REGULATIONS
SECURITIES
Bill affects the following Statutes:
Insurance
( 3-121.1 , 7-103 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 093999/1 (PDF)     Offered on: February 8, 2000   at: 10:19 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
February 11, 2000: Third Reading Passed (136-0)
Senate
March 30, 2000: Third Reading Passed (47-0)
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