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2001 SESSION

• | print version

HB 2721 Insurance; hedging transactions.

Introduced by: L. Preston Bryant, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Insurance; hedging transactions. Authorizes domestic insurers to effect bona fide hedging transactions pertaining to certain foreign securities. Currently, hedging transactions may pertain to other categories of domestic and Canadian obligations. The measure also expands the definition of a bona fide hedging transaction to include the purchase or sale of a contract, warrant, option, call, put or right that seeks to (i) minimize foreign currency risks or (ii) offset currency risks and other items that qualify for hedge accounting.

FULL TEXT

• 01/18/01  House: Presented & ordered printed 010222652  pdf | impact statement
• 02/21/01  House: Bill text as passed House and Senate (HB2721ER)  pdf | impact statement
• 03/20/01  Governor: Acts of Assembly Chapter text (CHAP0387)  pdf

HISTORY

• 01/18/01  House: Presented & ordered printed 010222652
• 01/18/01  House: Referred to Committee on Corporations, Insurance and Banking
• 02/01/01  House: Reported from Corp., Ins. & Banking (25-Y 0-N)
• 02/02/01  House: Read first time
• 02/03/01  House: Read second time and engrossed
• 02/03/01  House: Constitutional reading dispensed (97-Y 1-N)
• 02/03/01  House: Passed House (98-Y 0-N)
• 02/03/01  House: Communicated to Senate
• 02/07/01  Senate: Constitutional reading dispensed
• 02/07/01  Senate: Referred to Committee on Commerce and Labor
• 02/12/01  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/13/01  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
• 02/13/01  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/14/01  Senate: Read third time
• 02/14/01  Senate: Passed Senate (40-Y 0-N)
• 02/14/01  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/21/01  House: Bill text as passed House and Senate (HB2721ER)
• 02/22/01  House: Enrolled
• 02/22/01  House: Signed by Speaker
• 02/22/01  Senate: Signed by President
• 03/19/01  Governor: Approved by Governor-Chapter 387 (effective 7/1/01)
• 03/20/01  Governor: Acts of Assembly Chapter text (CHAP0387)