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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
2000 SESSION
SB 52 Insurers; accounting practices and procedures.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Insurers; accounting practices and procedures. Incorporates by reference various guidances set forth in the accounting practices and procedures manuals of the National Association of Insurance Commissioners (NAIC). The NAIC recently adopted Statements of Statutory Accounting Practices (SSAPs) that will be the basis of new accounting guidance that will become effective for statements and disclosures filed after January 1, 2001, which is the effective date of this legislation. Existing provisions regarding the valuation of bonds, securities, and real estate, leaseholds and mortgages are repealed. References to the guidance set forth in the NAIC accounting practices and procedures manuals are substituted for current provisions for identifying assets that are not admitted for purposes of determining an insurer's financial condition.
FULL TEXT
- 01/12/00 Senate: Presented & ordered printed 003305254 pdf
- 01/20/00 Senate: Printed as engrossed 003305254-E pdf
- 02/22/00 Senate: Bill text as passed Senate and House (SB52ER) pdf
- 03/10/00 Governor: Acts of Assembly Chapter text (CHAP0046) pdf
AMENDMENTS
HISTORY
- 01/12/00 Senate: Presented & ordered printed 003305254
- 01/12/00 Senate: Referred to Committee on Commerce and Labor
- 01/17/00 Senate: Reported from Commerce and Labor (14-Y 1-N)
- 01/18/00 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/18/00 Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
- 01/20/00 Senate: Read second time
- 01/20/00 Senate: Reading of amendment waived
- 01/20/00 Senate: Amendment by Sen. Stosch agreed to
- 01/20/00 Senate: Engrossed by Senate as amended
- 01/20/00 Senate: Engrossment reconsidered by Senate (39-Y 0-N)
- 01/20/00 Senate: VOTE: RECONSIDER (39-Y 0-N)
- 01/20/00 Senate: Printed as engrossed 003305254-E
- 01/20/00 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/20/00 Senate: VOTE: CONST. RDG. DISPENSED (39-Y 0-N)
- 01/20/00 Senate: Passed Senate (39-Y 0-N)
- 01/20/00 Senate: VOTE: PASSAGE (39-Y 0-N)
- 01/20/00 Senate: Communicated to House
- 02/01/00 House: Placed on Calendar
- 02/01/00 House: Read first time
- 02/01/00 House: Referred to Committee on Corporations, Insurance and Banking
- 02/17/00 House: Reported from Corp., Ins. & Banking (24-Y 1-N)
- 02/18/00 House: Read second time
- 02/21/00 House: Read third time
- 02/21/00 House: Passed House (99-Y 0-N)
- 02/21/00 House: VOTE: PASSAGE (99-Y 0-N)
- 02/22/00 Senate: Bill text as passed Senate and House (SB52ER)
- 02/28/00 Senate: Enrolled
- 02/28/00 House: Signed by Speaker
- 02/29/00 Senate: Signed by President
- 03/09/00 Governor: Approved by Governor-Chapter 46 (effective 1/1/01)
- 03/10/00 Governor: Acts of Assembly Chapter text (CHAP0046)