HB 1471 Reinsurance credits; SCC authorized to adopt certain regulations.
R. Lee Ware | all patrons    ...    notes
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Summary as introduced:
Reinsurance credits. Authorizes the State Corporation Commission to adopt regulations specifying additional requirements relating to or setting forth the valuation of assets or reserve credits, the amount and forms of security supporting certain reinsurance arrangements, and the circumstances pursuant to which credit will be reduced or eliminated. The measure adopts revisions to the Credit for Reinsurance Model Law adopted by the National Association of Insurance Commissioners. The revisions adjust the reinsurance collateral requirements for certified reinsurers.

Full text:
12/12/16  House: Prefiled and ordered printed; offered 01/11/17 17101533D  pdf | impact statement
02/20/17  House: Bill text as passed House and Senate (HB1471ER)  pdf | impact statement
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0477)  pdf

Status:
12/12/16  House: Prefiled and ordered printed; offered 01/11/17 17101533D
12/12/16  House: Referred to Committee on Commerce and Labor
01/12/17  House: Reported from Commerce and Labor (22-Y 0-N)
01/16/17  House: Read first time
01/17/17  House: Passed by for the day
01/18/17  House: Read second time and engrossed
01/19/17  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/19/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
01/20/17  Senate: Constitutional reading dispensed
01/20/17  Senate: Referred to Committee on Commerce and Labor
02/13/17  Senate: Reported from Commerce and Labor (13-Y 1-N)
02/15/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/16/17  Senate: Read third time
02/16/17  Senate: Passed Senate (39-Y 1-N)
02/20/17  House: Enrolled
02/20/17  House: Bill text as passed House and Senate (HB1471ER)
02/20/17  House: Signed by Speaker
02/21/17  Senate: Signed by President
02/21/17  House: Enrolled Bill communicated to Governor on 2/21/17
02/21/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
03/13/17  Governor: Approved by Governor-Chapter 477 (effective 7/1/17)
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0477)