1999 Regular Session

HOUSE BILL 798

File Code: Insurance - Health and Life Crossfiled with: SENATE BILL 483
Sponsored By:
Delegates McHale and Minnick
Entitled:
Life Insurers - Investments

Synopsis:

Authorizing a separate investment account and a segregated asset account established by a life insurer to invest in any investments contractually permitted for the account and specified in the plan of operation issued to a qualified plan; providing that specified provisions of State insurance laws do not apply to the investments contained in the separate investment account or the segregated asset account under specified circumstances; etc.

History by Legislative Date

House Action
2/12
First Reading Economic Matters
2/17
Hearing 3/4 at 1:00 p.m.
3/15

Favorable with Amendments Report by Economic Matters
3/16
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/18
Third Reading Passed (135-0)
4/3
House Concur - Senate Amendments
Third Reading Passed (133-0)
Passed Enrolled
5/27
Governor vetoed - Cross-filed bill was signed
Senate Action
3/19
First Reading Finance
3/22
Hearing 3/30 at 1:00 p.m.
4/1
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/2
Third Reading Passed with Amendments (47-0)
Sponsored by:
Delegate Brian K. McHale, District 47A
Delegate Joseph J. Minnick, District 7
Bill indexed under the following Subjects:
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
LIABILITY -see also- GOOD SAMARITAN
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
SECURITIES
Bill affects the following Statutes:
Insurance
( 5-512 , 16-602 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 503483/1 (PDF)     Offered on: March 16, 1999   at: 10:28 a.m.     Status: Adopted
Senate
Number: 517768/1 (PDF)     Offered on: April 1, 1999   at: 12:27 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 18, 1999: Third Reading Passed (135-0)
April 3, 1999: Third Reading Passed (133-0)
Senate
April 2, 1999: Third Reading Passed (47-0)