SENATE BILL 164

Sponsored By:

Senator Trotter

Entitled:

Life Insurance - Public Entities - Authority to Pool

Synopsis:

Authorizing public entities, defined as political subdivisions of the State, units of the State or a local government, or nonprofit or nonstock corporations that receive 50% or more of their budgets from the State or local government and are exempt from federal taxation, to pool together to purchase life insurance or to self-insure against life risks.

History by Legislative Date

Senate Action

1/23

First Reading Finance

1/28

Hearing 2/10 at 1:00 p.m.

2/20

Favorable Report by Finance

2/23

Favorable Report Adopted

Second Reading Passed

2/25

Third Reading Passed (47-0)

4/6

Senate Concur - House Amendments

Third Reading Passed (46-0)

Passed Enrolled

5/12

Signed by the Governor Chapter 346

House Action

2/26

First Reading Economic Matters

3/20

Hearing 3/26 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 (135-0)

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES

CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

MUNICIPAL CORPORATIONS

NONPROFIT ORGANIZATIONS

Bill affects the following Statute:

Insurance

( 16-116 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 773074/1 (PDF)     Offered on: April 2, 1998   at: 10:39 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

February 25, 1998: Third Reading Passed (47-0)

April 6, 1998: Third Reading Passed (46-0)

House

April 1, 1998: Third Reading Passed (135-0)