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2022 SESSION

• | print version

HB 681 Insurers rehabilitation and liquidation; federal home loan bank rights.

Introduced by: William C. Wampler III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurers rehabilitation and liquidation; federal home loan bank rights. Expands upon provisions that authorize a court, in instances of insurer rehabilitation and liquidation, to issue a restraining order or injunction to an insurer to prevent the transaction of future business or other business activities. The bill further creates provisions relating to federal home loan bank rights and insurer-members of federal home loan banks related to the transfer of assets, delinquency proceedings, and requirements for federal home loan banks upon appointing a receiver for an insurer-member.

FULL TEXT

• 01/11/22  House: Prefiled and ordered printed; offered 01/12/22 22102241D  pdf | impact statement

HISTORY

• 01/11/22  House: Prefiled and ordered printed; offered 01/12/22 22102241D
• 01/11/22  House: Referred to Committee on Commerce and Energy
• 01/20/22  House: Assigned sub: Subcommittee #1
• 02/01/22  House: Subcommittee recommends striking from docket (7-Y 0-N)
• 02/15/22  House: Left in Commerce and Energy