2001 Regular Session

HOUSE BILL 1412

CHAPTER NUMBER: 332 File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 881
Sponsored By:
Delegate McHale
Entitled:
Insurance - Assets, Reserves, and Investments of Insurers

Synopsis:

Altering the assets owned by an insurer that are allowed as admitted assets in determining the financial condition of the insurer; altering the assets that are not allowed as admitted assets in determining the financial condition of an insurer; repealing provisions of law governing loss reserves for specified liability and workers' compensation insurance; requiring that unearned premium reserves with respect to specified types of insurance be computed in a specified manner; etc.

History by Legislative Date

House Action
2/28
First Reading House Rules and Executive Nominations
3/5
Re-referred Economic Matters
3/7
Hearing 3/14 at 1:00 p.m.
3/22
Favorable Report by Economic Matters
3/19
Favorable Report Adopted
Second Reading Passed
3/20
Third Reading Passed (139-0)
3/31
Returned Passed
4/20
Signed by the Governor Chapter 332
Senate Action
3/26
First Reading Finance
3/27
Hearing 3/29 at 1:00 p.m.
4/2
Favorable Report by Finance
3/30
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
LIABILITY -see also- GOOD SAMARITAN
WORKERS' COMPENSATION
Bill affects the following Statutes:
Insurance
( 5-101 , 5-102 , 5-204 , 5-205 , 5-206 , 5-401 , 5-508 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 20, 2001: Third Reading Passed (139-0)
Senate
April 1, 2001: Third Reading Passed (47-0)