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2022 SESSION
SB 637 Insurers rehabilitation and liquidation; federal home loan bank rights.
Introduced by: R. Creigh Deeds | 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
HISTORY
- 01/17/22 Senate: Presented and ordered printed 22104341D
- 01/17/22 Senate: Referred to Committee on Commerce and Labor
- 01/31/22 Senate: Stricken at request of Patron in Commerce and Labor (15-Y 0-N)