SENATE BILL 695

Sponsored By:

Senator Astle

Entitled:

Financial Guaranty Insurance Companies - Definition and Home Office Requirement

Synopsis:

Altering the definition of a "financial guaranty insurance company" to allow specified financial guaranty insurance companies to have a home or executive office outside the State under specified circumstances.

History by Legislative Date

Senate Action

2/2

First Reading Finance

2/6

Hearing 2/20 at 1:00 p.m.

3/5

Favorable Report by Finance

3/6

Favorable Report Adopted

Second Reading Passed

3/8

Third Reading Passed (47-0)

4/2

Returned Passed

5/17

Governor vetoed - Cross-filed bill was signed

House Action

3/9

First Reading Economic Matters

3/21

Hearing 3/29 at 1:00 p.m.

4/3

Favorable Report by Economic Matters

3/29

Favorable Report Adopted

Second Reading Passed

3/30

Third Reading Passed (132-0)

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

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

INTERSTATE AFFAIRS

Bill affects the following Statute:

Insurance

( 4-115 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

March 8, 2001: Third Reading Passed (47-0)

House

March 30, 2001: Third Reading Passed (132-0)