2003 Regular Session

HOUSE BILL 965

File Code: Insurance - Other than Health
Sponsored By:
Delegate McHale
Entitled:
Insurers - Assets and Investments - Location

Synopsis:

Altering the exceptions to the types of assets that domestic insurers with their home or executive offices in the State are required to keep in the State; repealing the 15% limitation on the amount of admitted assets that a domestic insurer may keep outside of the State; and altering the conditions under which the reserve investments of a life insurer may include derivative transactions.

History by Legislative Date

House Action
2/14
First Reading House Rules and Executive Nominations
2/27
Re-referred Health and Government Operations
3/5
Hearing 3/18 at 1:00 p.m.
3/31
Favorable Report by Health and Government Operations
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (137-0)
4/3
Returned Passed
5/22
Governor vetoed - Duplicative
Senate Action
3/31
First Reading Senate Rules
4/4
Re-referred Finance
4/5
Favorable Report by Finance
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INTERSTATE AFFAIRS
INVESTMENTS -see also- SECURITIES
SECURITIES
Bill affects the following Statutes:
Insurance
( 4-115 , 5-511 , 5-511 )

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 28, 2003: Third Reading Passed (137-0)
Senate
April 4, 2003: Third Reading Passed (47-0)