CHAPTER NUMBER: 529
File Code: Insurance - Health and Life
Crossfiled with: HOUSE BILL 273
- Sponsored By:
-
Senator Bromwell
- 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;
and prohibiting a life insurer from placing more than 3% of its
admitted assets in loans in which the amount of the loan exceeds 90%
of the fair market value of the security of the loan.
Senate Action
- 2/1
- First Reading Finance
- 2/3
- Hearing 2/23 at 1:00 p.m.
- 3/1
- Favorable with Amendments Report by Finance
- 3/3
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/5
- Third Reading Passed (44-0)
- 4/5
- Return Passed
- 5/27
- Signed by the Governor Chapter 529
House Action
- 3/8
- First Reading Economic Matters
- 3/17
- Hearing 3/30 at 1:00 p.m.
- 4/2
- Favorable Report by Economic Matters
- 3/31
- Favorable Report Adopted
- Second Reading Passed
- 4/1
- Third Reading Passed (137-1)
- 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:
- Senate
- Number: 397060/1 (PDF) Offered on: March 3, 1999 at:
10:21 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 5, 1999: Third Reading Passed (44-0)
- House
- April 1, 1999: Third Reading Passed (137-1)