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2005 SESSION
SB 1059 Insurance Collateral Assessment Fund; created within state treasury.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance collateral deposited with State Treasurer. Authorizes the State Treasurer to assess a fee, to be determined annually based on estimated expenses, to cover the expenses associated with the safekeeping and handling of securities or surety bonds deposited with the State Treasurer by insurance companies. The fee shall not exceed one-fourth of one percent of the par or face value of the deposited securities or surety bonds. Currently, the State Treasurer may charge a fee of not more than one-tenth of one percent of the par or face value of the deposited securities or surety bonds. The assessments will be deposited in a special, nonreverting fund to be known as the Insurance Collateral Assessment Fund.
FULL TEXT
- 01/12/05 Senate: Prefiled & ordered printed; offered 01/12/05 056074114 pdf | impact statement
- 03/02/05 Senate: Bill text as passed Senate and House (SB1059ER) pdf | impact statement
- 03/23/05 Governor: Acts of Assembly Chapter text (CHAP0038) pdf
HISTORY
- 01/12/05 Senate: Prefiled & ordered printed; offered 01/12/05 056074114
- 01/12/05 Senate: Referred to Committee on Commerce and Labor
- 01/17/05 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 01/19/05 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/19/05 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 01/20/05 Senate: Read second time and engrossed
- 01/21/05 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/21/05 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 01/21/05 Senate: Communicated to House
- 02/08/05 House: Placed on Calendar
- 02/08/05 House: Read first time
- 02/08/05 House: Referred to Committee on Commerce and Labor
- 02/11/05 House: Reported from Commerce and Labor (20-Y 0-N)
- 02/14/05 House: Read second time
- 02/15/05 House: Read third time
- 02/15/05 House: Passed House BLOCK VOTE (97-Y 0-N)
- 02/15/05 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 03/02/05 Senate: Bill text as passed Senate and House (SB1059ER)
- 03/02/05 Senate: Enrolled
- 03/03/05 House: Signed by Speaker
- 03/04/05 Senate: Signed by President
- 03/20/05 Governor: Approved by Governor-Chapter 38 (effective 7/1/05)
- 03/23/05 Governor: Acts of Assembly Chapter text (CHAP0038)