2003 Regular Session

SENATE BILL 652

CHAPTER NUMBER: 399 File Code: Insurance - Other than Health
Sponsored By:
Senator Astle
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

Senate Action
2/12
First Reading Senate Rules
2/14
Re-referred Finance
2/19
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)
3/31
Returned Passed
5/22
Signed by the Governor Chapter 399
House Action
3/20
First Reading Health and Government Operations
3/25
Hearing 3/28 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 (139-0)
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):
Senate
March 20, 2003: Third Reading Passed (46-0)
House
March 28, 2003: Third Reading Passed (139-0)