|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|
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).