EMERGENCY BILL
File Code: Insurance - Liability and Miscellaneous
Crossfiled with: HOUSE BILL 1318
- Sponsored By:
-
Senator Bromwell
- 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.
Senate Action
- 2/19
- First Reading Senate Rules
- 2/21
- Re-referred Finance
- Hearing 3/12 at 1:00 p.m.
- 3/19
- Favorable with Amendments Report by Finance
- 3/20
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/21
- Third Reading Passed (47-0)
- 4/4
- Returned Passed
- 5/22
- Governor vetoed - Cross-filed bill was signed
House Action
- 3/21
- First Reading Economic Matters
- 3/26
- Hearing 4/1 at 1:00 p.m.
- 4/3
- Favorable Report by Economic Matters
- 3/30
- Favorable Report Adopted
- Second Reading Passed
- 3/31
- Third Reading Passed (134-0)
- 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:
- Senate
- Number: 337646/1 (PDF) Offered on: MARCH 20, 1997 at: 09:44
Status: Adopted