HB 1198 (Truly Agreed) | Modifies the criteria used for issuing extraordinary dividends by certain insurance holding companies |
HCS/HB 1198 - This act modifies the law so that the criteria used for issuing extraordinary dividends for life insurance companies is applied to property and casualty insurance companies. The act also defines net income as excluding net realized capital gains to the extent that realized capital gains exceed realized capital losses.
This act is similar to SCS/SB 1078 (2004).
STEPHEN WITTE