File Code: Corporations and Associations
- Sponsored By:
-
Delegate Fulton
- Entitled:
-
Insurers - Insolvency - Priority of Claims
Establishing, by class, the priority of claims against an estate of an
insolvent insurer; requiring the liquidator to pay each claim in each
class in full or to retain adequate funds before paying any claims of
members of the next class; providing that an estate of an insolvent
insurer is not liable to the members of a class when adequate funds
have been retained by the liquidator and approved by the circuit
court; prohibiting the establishment of subclasses within any class;
prohibiting the use of equitable remedies to circumvent; etc.
House Action
- 2/6
- First Reading Economic Matters
- 2/12
- Hearing 3/5 at 1:00 p.m.
- 3/12
- Favorable with Amendments Report by Economic Matters
- 3/13
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/17
- Third Reading Passed (137-1)
Senate Action
- 3/18
- First Reading Finance
- 3/19
- Hearing 3/26 at 1:00 p.m.
- 4/4
- Referred to interim study by Finance
- Bill indexed under the following Subjects:
- BANKRUPTCY
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- Bill affects the following Statutes:
- Insurance
- (
9-227 ,
9-227.1
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 583866/1 (PDF) Offered on: MARCH 13, 1997 at: 10:25
Status: Adopted