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2017 SESSION
HB 1471 Reinsurance credits; SCC authorized to adopt certain regulations.
Introduced by: R. Lee Ware | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Reinsurance credits. Authorizes the State Corporation Commission to adopt regulations specifying additional requirements relating to or setting forth the valuation of assets or reserve credits, the amount and forms of security supporting certain reinsurance arrangements, and the circumstances pursuant to which credit will be reduced or eliminated. The measure adopts revisions to the Credit for Reinsurance Model Law adopted by the National Association of Insurance Commissioners. The revisions adjust the reinsurance collateral requirements for certified reinsurers.
FULL TEXT
- 12/12/16 House: Prefiled and ordered printed; offered 01/11/17 17101533D pdf | impact statement
- 02/20/17 House: Bill text as passed House and Senate (HB1471ER) pdf | impact statement
- 03/13/17 Governor: Acts of Assembly Chapter text (CHAP0477) pdf
HISTORY
- 12/12/16 House: Prefiled and ordered printed; offered 01/11/17 17101533D
- 12/12/16 House: Referred to Committee on Commerce and Labor
- 01/12/17 House: Reported from Commerce and Labor (22-Y 0-N)
- 01/16/17 House: Read first time
- 01/17/17 House: Passed by for the day
- 01/18/17 House: Read second time and engrossed
- 01/19/17 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 01/19/17 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 01/20/17 Senate: Constitutional reading dispensed
- 01/20/17 Senate: Referred to Committee on Commerce and Labor
- 02/13/17 Senate: Reported from Commerce and Labor (13-Y 1-N)
- 02/15/17 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/16/17 Senate: Read third time
- 02/16/17 Senate: Passed Senate (39-Y 1-N)
- 02/20/17 House: Enrolled
- 02/20/17 House: Bill text as passed House and Senate (HB1471ER)
- 02/20/17 House: Signed by Speaker
- 02/21/17 Senate: Signed by President
- 02/21/17 House: Enrolled Bill communicated to Governor on 2/21/17
- 02/21/17 Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/13/17 Governor: Approved by Governor-Chapter 477 (effective 7/1/17)
- 03/13/17 Governor: Acts of Assembly Chapter text (CHAP0477)