HOUSE BILL 1377

Sponsored By:

Delegate Fulton

Entitled:

Foreign Investments of Life Insurers

Synopsis:

Authorizing life insurers to acquire foreign investments or engage in investment practices with persons of or in foreign jurisdictions under specified circumstances; authorizing life insurers to acquire investments or engage in investment practices denominated in foreign currencies under specified circumstances; authorizing life insurers authorized to do business in a foreign jurisdiction to acquire foreign investments under specified circumstances; etc.

History by Legislative Date

House Action

3/3

First Reading House Rules

3/9

Re-referred Economic Matters

Hearing 3/19 at 1:00 p.m.

3/26

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/27

Third Reading Passed (131-0)

4/4

Return Passed

5/21

Governor vetoed - Cross-filed bill was signed

Senate Action

3/30

First Reading Finance

3/31

Hearing 4/3 at 1:00 p.m.

4/6

Favorable Report by Finance

4/7

Favorable Report Adopted

Second Reading Passed

4/8

Third Reading Passed (47-0)

Bill indexed under the following Subjects:

FOREIGN TRADE -see also- INTERNATIONAL AFFAIRS

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE

INVESTMENTS -see also- SECURITIES

Bill affects the following Statute:

Insurance

( 5-509 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 023272/1 (PDF)     Offered on: March 26, 1998   at: 10:36 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 27, 1998: Third Reading Passed (131-0)

Senate

April 8, 1998: Third Reading Passed (47-0)