SENATE BILL 483

Sponsored By:

Senators Della, Roesser, and Dorman

Entitled:

Life Insurers - Investments

Synopsis:

Authorizing a separate investment account and a segregated asset account established by a life insurer to invest in any investments contractually permitted for the account and specified in the plan of operation issued to a qualified plan; providing that specified provisions of State insurance laws do not apply to the investments contained in the separate investment account or the segregated asset account under specified circumstances; etc.

History by Legislative Date

Senate Action

2/5

First Reading Finance

2/9

Hearing 3/2 at 1:00 p.m.

3/9

Favorable Report by Finance

3/10

Favorable Report Adopted

Second Reading Passed

3/12

Third Reading Passed (47-0)

4/6

Senate Concur - House Amendments

Third Reading Passed (46-0)

Passed Enrolled

5/27

Signed by the Governor Chapter 569

House Action

3/15

First Reading Economic Matters

3/17

Hearing 3/30 at 1:00 p.m.

4/2

Favorable with Amendments Report by Economic Matters

3/31

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/1

Third Reading Passed with Amendments (136-0)

Sponsored by:

Senator George W. Della, Jr., District 47

Senator Arthur Dorman, District 21

Senator Jean W. Roesser, District 15

Bill indexed under the following Subjects:

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

INVESTMENTS -see also- SECURITIES

LIABILITY -see also- GOOD SAMARITAN

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

SECURITIES

Bill affects the following Statutes:

Insurance

( 5-512 , 16-602 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 143489/1 (PDF)     Offered on: April 2, 1999   at: 11:55 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 12, 1999: Third Reading Passed (47-0)

April 6, 1999: Third Reading Passed (46-0)

House

April 1, 1999: Third Reading Passed (136-0)