SENATE BILL 763

Sponsored By:

Senator Bromwell

Entitled:

Life Insurers - Classes of Reserve Investments

Synopsis:

Altering the classes of reserve investments authorized for life insurers; imposing specified limitations on classes of reserve investments authorized for life insurers; specifying that the reserve investments of a life insurer may include specified foreign investments; etc.

History by Legislative Date

Senate Action

2/4

First Reading Finance

2/8

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

3/24

Favorable with Amendments Report by Finance

3/27

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/29

Third Reading Passed (47-0)

4/3

Returned Passed

5/19

Governor vetoed - Cross-filed bill was signed

House Action

3/28

First Reading Economic Matters

3/30

Hearing 3/31 at 1:00 p.m.

4/3

Favorable Report by Economic Matters

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (139-0)

Bill indexed under the following Subjects:

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

INSURANCE ADMINISTRATION

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

INVESTMENTS -see also- SECURITIES

RULES AND REGULATIONS

SECURITIES

Bill affects the following Statutes:

Insurance

( 5-509 , 5-511 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 687371/1 (PDF)     Offered on: March 27, 2000   at: 9:54 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 29, 2000: Third Reading Passed (47-0)

House

March 31, 2000: Third Reading Passed (139-0)