2003 Regular Session

SENATE BILL 601

CHAPTER NUMBER: 106 File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 551
Sponsored By:
Senator Astle
Entitled:
Life Insurance - Separate Investment Accounts - Asset Holding Requirements

Synopsis:

Requiring life insurers that offer specified investment accounts to hold assets that equal or exceed specified reserve requirements; requiring that assets held for specified investment accounts be valued in accordance with specified provisions of the Insurance Article; etc.

History by Legislative Date

Senate Action
2/5
First Reading Senate Rules
2/7
Re-referred Finance
2/10
Hearing 2/28 at 1:00 p.m.
3/17
Favorable Report by Finance
3/18
Favorable Report Adopted
Second Reading Passed
3/20
Third Reading Passed (46-0)
4/2
Returned Passed
4/22
Signed by the Governor Chapter 106
House Action
3/20
First Reading Health and Government Operations
3/25
Hearing 3/28 at 1:00 p.m.
4/2
Favorable Report by Health and Government Operations
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (136-0)
Bill indexed under the following Subjects:
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
Bill affects the following Statute:
Insurance
( 5-512 )

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 20, 2003: Third Reading Passed (46-0)
House
March 30, 2003: Third Reading Passed (136-0)