SB 0893 Prohibits life insurance companies from owning certain investments in excess of specific limitations
LR Number:3778S.01P Fiscal Note:3778-01
Committee:Insurance and Housing
Last Action:04/30/02 - HCS Voted Do Pass H Insurance Committee Journal page:
Effective Date:August 28, 2002
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Current Bill Summary

SB 893 - This act states that no life insurance company may "own" (current law states invest in) investments in excess of certain limitations based upon an annual statement filed with the Department of Insurance.

This act is identical to TAT (HB 1518).