HOUSE BILL 1412

Sponsored By:

Delegate McHale

Entitled:

Insurance - Assets, Reserves, and Investments of Insurers

Synopsis:

Altering the assets owned by an insurer that are allowed as admitted assets in determining the financial condition of the insurer; altering the assets that are not allowed as admitted assets in determining the financial condition of an insurer; repealing provisions of law governing loss reserves for specified liability and workers' compensation insurance; requiring that unearned premium reserves with respect to specified types of insurance be computed in a specified manner; etc.

History by Legislative Date

House Action

2/28

First Reading House Rules and Executive Nominations

3/5

Re-referred Economic Matters

3/7

Hearing 3/14 at 1:00 p.m.

3/22

Favorable Report by Economic Matters

3/19

Favorable Report Adopted

Second Reading Passed

3/20

Third Reading Passed (139-0)

3/31

Returned Passed

4/20

Signed by the Governor Chapter 332

Senate Action

3/26

First Reading Finance

3/27

Hearing 3/29 at 1:00 p.m.

4/2

Favorable Report by Finance

3/30

Favorable Report Adopted

Second Reading Passed

4/1

Third Reading Passed (47-0)

Bill indexed under the following Subjects:

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

INVESTMENTS -see also- SECURITIES

LIABILITY -see also- GOOD SAMARITAN

WORKERS' COMPENSATION

Bill affects the following Statutes:

Insurance

( 5-101 , 5-102 , 5-204 , 5-205 , 5-206 , 5-401 , 5-508 )

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 20, 2001: Third Reading Passed (139-0)

Senate

April 1, 2001: Third Reading Passed (47-0)