HOUSE BILL 584

Sponsored By:

Delegates Barve, Gordon, and Kagan

Entitled:

Life Insurance - Public Entities - Authority to Pool

Synopsis:

Authorizing public entities, defined as political subdivisions of the State, units of the State or a local government, or nonprofit or nonstock corporations that receive 50% or more of their budgets from the State or local government and are exempt from federal taxation, to pool together to purchase life insurance or to self-insure against life risks.

History by Legislative Date

House Action

2/6

First Reading Economic Matters

2/11

Hearing 2/24 at 1:00 p.m.

3/2

Favorable Report by Economic Matters

3/3

Favorable Report Adopted

Special Order 3/4 (Delegate Redmer) Adopted

3/4

Special Order 3/6 (Delegate Gordon) Adopted

3/6

Floor Amendment (Delegate Gordon) Adopted

Second Reading Passed with Amendments

3/10

Third Reading Passed (135-0)

4/2

Return Passed

5/12

Signed by the Governor Chapter 347

Senate Action

3/11

First Reading Finance

Hearing 3/24 at 1:00 p.m.

3/31

Favorable Report by Finance

4/2

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (46-0)

Sponsored by:

Delegate Kumar P. Barve, District 17

Delegate Michael R. Gordon, District 17

Delegate Cheryl C. Kagan, District 17

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES

CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

MUNICIPAL CORPORATIONS

NONPROFIT ORGANIZATIONS

Bill affects the following Statute:

Insurance

( 16-116 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 043902/1 (PDF)     Offered on: March 6, 1998   at: 11:32 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 10, 1998: Third Reading Passed (135-0)

Senate

April 6, 1998: Third Reading Passed (46-0)