HOUSE BILL 1037

Sponsored By:

Delegate Bromwell

Entitled:

Life Insurers - Board of Directors - Investments Practices

Synopsis:

Repealing a provision of law related to investment and loan practices of life insurers; requiring the board of directors of a life insurer to adopt a specified plan for acquiring and holding investments and engaging in investment practices; requiring the plan to specify guidelines related to the investment and financial needs of a life insurer; etc.

History by Legislative Date

House Action

2/18

First Reading House Rules and Executive Nominations

2/27

Re-referred Health and Government Operations

3/5

Hearing 3/18 at 1:00 p.m.

3/31

Favorable with Amendments Report by Health and Government Operations

3/27

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/28

Third Reading Passed (138-0)

4/3

Returned Passed

4/22

Signed by the Governor Chapter 193

Senate Action

3/31

First Reading Senate Rules

4/4

Re-referred Finance

4/5

Favorable Report by Finance

4/3

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (47-0)

Bill indexed under the following Subjects:

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

INVESTMENTS -see also- SECURITIES

Bill affects the following Statutes:

Insurance

( 5-505 , 5-511 , 5-511 , 5-511 , 5-511 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 516983/01 (PDF)     Offered on: March 31, 2003   at: 8:27 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 28, 2003: Third Reading Passed (138-0)

Senate

April 4, 2003: Third Reading Passed (47-0)