2003 Regular Session

HOUSE BILL 1037

CHAPTER NUMBER: 193 File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 600
Sponsored By:
Delegate Bromwell
Entitled:
Life Insurers - Board of Directors - Investments Practices

Synopsis:

Repealing a provision of law related to investment and loan practices of life insurers; requiring the board of directors of a life insurer to adopt a specified plan for acquiring and holding investments and engaging in investment practices; requiring the plan to specify guidelines related to the investment and financial needs of a life insurer; etc.

History by Legislative Date

House Action
2/18
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 with Amendments Report by Health and Government Operations
3/27
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/28
Third Reading Passed (138-0)
4/3
Returned Passed
4/22
Signed by the Governor Chapter 193
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
INVESTMENTS -see also- SECURITIES
Bill affects the following Statutes:
Insurance
( 5-505 , 5-511 , 5-511 , 5-511 , 5-511 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 516983/01 (PDF)     Offered on: March 31, 2003   at: 8:27 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 28, 2003: Third Reading Passed (138-0)
Senate
April 4, 2003: Third Reading Passed (47-0)