SB 0912 Requires the Department of Insurance to adopt regulations governing the valuation of life insurance policies
LR Number:4035L.01I Fiscal Note:4035-01
Committee:Insurance and Housing
Last Action:02/08/00 - Referred S Insurance & Housing Committee Journal page:S192
Effective Date:EC Upon Voter Approval
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Current Bill Summary

SB 912 - This act requires the Department of Insurance to promulgate regulations pertaining to the valuation of life insurance policies. The Department of Insurance may base it's regulation after the "Valuation of Life Insurance Policies Regulation" adopted by the National Association of Insurance Commissioners.

This act has an emergency clause. This act is similar to SCS/HB 1739, SB 808, HB 1352 and HCR 10 (2000).