File Code: Insurance - Health and Life
Crossfiled with: SENATE BILL 189
- Sponsored By:
-
Delegate Donoghue
- Entitled:
-
Life Insurers - Reserve Investments
Authorizing the reserve investments of life insurers to include
residential real estate loans in an amount not exceeding 95% of the
fair market value of the real estate under specified circumstances;
prohibiting a life insurer from placing more than 3% of its admitted
assets in specified loans; etc.
House Action
- 2/3
- First Reading Economic Matters
- 2/9
- Hearing 2/23 at 1:00 p.m.
- 3/9
- Favorable with Amendments Report by Economic Matters
- 3/10
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/12
- Third Reading Passed (135-1)
- 3/30
- Return Passed
- 5/27
- Governor vetoed - Cross-filed bill was signed
Senate Action
- 3/15
- First Reading Finance
- 3/16
- Hearing 3/25 at 1:00 p.m.
- 3/31
- Favorable Report by Finance
- Favorable Report Adopted
- Second Reading Passed
- 4/1
- Third Reading Passed (46-0)
- Bill indexed under the following Subjects:
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- INVESTMENTS -see also- SECURITIES
- LOANS
- REAL ESTATE -see also- AGENTS AND BROKERS
- Bill affects the following Statute:
- Insurance
- (
5-511
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 583982/1 (PDF) Offered on: March 10, 1999 at:
10:20 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- House
- March 12, 1999: Third Reading Passed (135-1)
- Senate
- April 1, 1999: Third Reading Passed (46-0)