CHAPTER NUMBER: 293
EMERGENCY BILL
File Code: Insurance - Liability and Miscellaneous
Crossfiled with: SENATE BILL 844
- Sponsored By:
-
Delegate Donoghue
- Entitled:
-
Insurance Regulation - Domestic Mutual Companies and Stock
Companies
Eliminating the maximum interest rate allowed for loans to mutual
companies under specified circumstances; repealing a prohibition
against a commission or promotion expense being paid in connection
with a loan or advance to a stock or mutual insurer; altering a
requirement that agreements involving mergers or consolidations of
domestic mutual insurers be submitted to members and subject to their
vote; and authorizing a domestic mutual insurance company to acquire
or form a subsidiary holding company under specified circumstances.
House Action
- 2/19
- First Reading Economic Matters
- 2/18
- Hearing 3/4 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 (138-0)
- 3/30
- Returned Passed
- 4/29
- Signed by the Governor Chapter 293
Senate Action
- 3/17
- First Reading Finance
- 3/18
- Hearing 3/25 at 1:00 p.m.
- 3/31
- Favorable Report by Finance
- Favorable Report Adopted
- Second Reading Passed
- 4/2
- Third Reading Passed (46-0)
- Bill indexed under the following Subjects:
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- INTEREST
- LOANS
- MERGERS
- VOTING -see also- BALLOTS; ELECTIONS
- Bill affects the following Statutes:
- Insurance
- (
3-116 ,
3-123 ,
7-201
)
- Article - 48A Insurance Code
- (
266 ,
272 ,
493
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 313968/1 (PDF) Offered on: MARCH 13, 1997 at: 10:27
Status: Adopted