SENATE BILL 881

Sponsored By:

Senator Bromwell

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

Senate Action

3/1

First Reading Senate Rules

3/5

Re-referred Finance

Hearing 3/21 at 1:00 p.m.

3/23

Favorable Report by Finance

Favorable Report Adopted

Second Reading Passed

3/26

Third Reading Passed (46-0)

4/3

Returned Passed

5/17

Governor vetoed - Duplicative

House Action

3/24

First Reading Economic Matters

3/28

Hearing 4/3 at 1:00 p.m.

4/5

Favorable Report by Economic Matters

3/31

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (135-0)

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):

Senate

March 26, 2001: Third Reading Passed (46-0)

House

April 2, 2001: Third Reading Passed (135-0)