2001 Regular Session

SENATE BILL 881

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 1412
Sponsored By:
Senator Bromwell
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

Senate Action
3/1
First Reading Senate Rules
3/5
Re-referred Finance
Hearing 3/21 at 1:00 p.m.
3/23
Favorable Report by Finance
Favorable Report Adopted
Second Reading Passed
3/26
Third Reading Passed (46-0)
4/3
Returned Passed
5/17
Governor vetoed - Duplicative
House Action
3/24
First Reading Economic Matters
3/28
Hearing 4/3 at 1:00 p.m.
4/5
Favorable Report by Economic Matters
3/31
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (135-0)
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):
Senate
March 26, 2001: Third Reading Passed (46-0)
House
April 2, 2001: Third Reading Passed (135-0)