SB 188 Insurance companies; limits on investments.
Walter A. Stosch | all patrons    ...    notes
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Summary as passed: (all summaries)
Insurance; investments. Increases the amount of assets a domestic insurer can invest in cash, cash equivalents, and certain short-term investments of one depository, obligor or issuer from five percent to 10 percent of its total admitted assets. The restriction that investments per obligor or per issuer do not exceed 20 percent of the insurer's surplus to policyholders is unchanged.

Full text:
01/09/02  Senate: Presented & ordered printed, prefiled 01/08/02 025424254  pdf | impact statement
02/21/02  Senate: Bill text as passed Senate and House (SB188ER)  pdf | impact statement
03/06/02  Governor: Acts of Assembly Chapter text (CHAP0073)  pdf

Status:
01/09/02  Senate: Presented & ordered printed, prefiled 01/08/02 025424254
01/09/02  Senate: Referred to Committee on Commerce and Labor
01/14/02  Senate: Reported from Commerce and Labor (15-Y 0-N)
01/16/02  Senate: Constitutional reading dispensed (40-Y 0-N)
01/16/02  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
01/17/02  Senate: Read second time and engrossed
01/18/02  Senate: Read third time and passed Senate (39-Y 0-N)
01/18/02  Senate: VOTE: PASSAGE R (39-Y 0-N)
01/18/02  Senate: Communicated to House
01/28/02  House: Placed on Calendar
01/28/02  House: Read first time
01/28/02  House: Referred to Committee on Commerce and Labor
02/14/02  House: Reported from Commerce and Labor (22-Y 0-N)
02/18/02  House: Read second time
02/19/02  House: Read third time
02/19/02  House: Passed House BLOCK VOTE (100-Y 0-N)
02/19/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/21/02  Senate: Bill text as passed Senate and House (SB188ER)
02/22/02  Senate: Enrolled
02/22/02  House: Signed by Speaker
02/22/02  Senate: Signed by President
03/04/02  Governor: Approved by Governor-Chapter 73 (effective 7/1/02)
03/06/02  Governor: Acts of Assembly Chapter text (CHAP0073)