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2002 SESSION

• | print version

SB 188 Insurance companies; limits on investments.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

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

HISTORY

• 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)