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Legislation


2004 Regular Session

SENATE BILL 129

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 231
Sponsored By:
Senators Astle, Middleton, Della, Exum, Gladden, Hafer, Hooper, Kelley, Klausmeier, Pipkin, and Teitelbaum
Entitled:
Life Insurers - Funding Agreements - Priority in Liquidation Proceedings

Synopsis:

Stating expressly the priority of specified claims made by holders of specified funding agreements in liquidation proceedings against specified insurers.

History by Legislative Date

Senate Action
1/22
First Reading Finance
1/23
Hearing 2/11 at 1:00 p.m.
2/16
Favorable with Amendments Report by Finance
2/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/19
Third Reading Passed (45-0)
4/5
Returned Passed
5/26
Governor vetoed - Cross-filed bill was signed
House Action
2/20
First Reading Health and Government Operations
3/17
Hearing 3/25 at 1:00 p.m.
4/5
Favorable Report by Health and Government Operations
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (140-0)
Sponsored by:
Senator John C. Astle, District 30
Senator George W. Della, Jr., District 46
Senator Nathaniel Exum, District 24
Senator Lisa A. Gladden, District 41
Senator John J. Hafer, District 1
Senator J. Robert Hooper, District 35
Senator Delores G. Kelley, District 10
Senator Katherine Klausmeier, District 8
Senator Thomas McLain Middleton, District 28
Senator E. J. Pipkin, District 36
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
BANKRUPTCY
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
Bill affects the following Statutes:
Insurance
( 9-227 , 9-227 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 587471/01 (PDF)     Offered on: February 17, 2004   at: 10:24 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 19, 2004: Third Reading Passed (45-0)
House
April 3, 2004: Third Reading Passed (140-0)
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