SB 0995 Modifies law with respect to insurance companies purchasing and conveying real estate
LR Number:3980L.01I Fiscal Note:3980-01
Committee:Insurance and Housing
Last Action:05/17/02 - S Consent Calendar (2/5) Journal page:
Effective Date:August 28, 2002
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Current Bill Summary

SB 995 - This act modifies the law with regard to how insurance companies can purchase and convey real estate. Under this act, no insurance company's initial investment, together with the costs of improvements located upon the real estate, may exceed certain levels.