|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|
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.