SB 1227 Limits the value of such real estate purchased by insurance companies to 20% of their capital and surplus
LR Number:4933S.02P Fiscal Note:4933-02
Committee:Insurance and Housing
Last Action:04/30/02 - Voted Do Pass H Insurance Committee Journal page:
Title:SCS SB 1227
Effective Date:August 28, 2002
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Current Bill Summary

SCS/SB 1227 - This act limits insurance companies' investments in real estate. The value of such real estate purchased cannot exceed 20% of the insurance company's capital and surplus as shown by its last annual statement.