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2009 SESSION
SB 1352 Insurance holding companies; SCC to approve any ordinary dividend by a registered insurer.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance holding companies. Authorizes the State Corporation Commission to approve any ordinary dividend or other distribution by a registered insurer that is a member of an insurance holding company system to its shareholders within 30 days of receiving written notice of the declaration. Currently, the insurer is required to provide written notice as to all dividends and other distributions at least 30 days prior to payment. The measure also clarifies the Commission’s authority to request additional information in making determinations regarding filings of disclaimers of affiliation.
FULL TEXT
- 01/14/09 Senate: Prefiled and ordered printed; offered 01/14/09 090043864 pdf | impact statement
- 02/28/09 Senate: Bill text as passed Senate and House (SB1352ER) pdf | impact statement
- 03/30/09 Governor: Acts of Assembly Chapter text (CHAP0717) pdf
HISTORY
- 01/14/09 Senate: Prefiled and ordered printed; offered 01/14/09 090043864
- 01/14/09 Senate: Referred to Committee on Commerce and Labor
- 01/19/09 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 01/21/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/22/09 Senate: Read second time and engrossed
- 01/23/09 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/30/09 House: Placed on Calendar
- 01/30/09 House: Read first time
- 01/30/09 House: Referred to Committee on Commerce and Labor
- 02/17/09 House: Reported from Commerce and Labor (20-Y 0-N)
- 02/19/09 House: Read second time
- 02/20/09 House: Passed by for the day
- 02/23/09 House: Passed by for the day
- 02/24/09 House: Read third time
- 02/24/09 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/24/09 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/28/09 Senate: Enrolled
- 02/28/09 Senate: Bill text as passed Senate and House (SB1352ER)
- 02/28/09 House: Signed by Speaker
- 03/04/09 Senate: Signed by President
- 03/30/09 Governor: Approved by Governor-Chapter 717 (effective 7/1/09)
- 03/30/09 Governor: Acts of Assembly Chapter text (CHAP0717)