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2009 SESSION

• | print version

SB 1486 Domestic insurers; SCC delay application of provision applicable to investment of those petitioning.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Investments of domestic insurers.  Authorizes the State Corporation Commission to delay the application of provisions applicable to the investments of a petitioning domestic insurer, including the requirement that Category 2 investments be excluded from the value of admitted assets to the extent their value exceeds 75 percent of the amount by which the insurer's surplus to policyholders exceeds its minimum capital and surplus, if the Commission finds that the delay may be beneficial to the policyholders of the domestic insurer.

FULL TEXT

• 01/22/09  Senate: Presented and ordered printed 090135228  pdf | impact statement

HISTORY

• 01/22/09  Senate: Presented and ordered printed 090135228
• 01/22/09  Senate: Referred to Committee on Commerce and Labor
• 02/02/09  Senate: Stricken at request of Patron in Commerce and Labor (15-Y 0-N)