SB 1078 - Loudon, John
Modifies the criteria used for issuing extraordinary dividends by certain insurance holding companies
Bill Details
Sponsor
LR Number
3791S.03T
Title
SCS SB 1078
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2004
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 1078 - 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.
STEPHEN WITTE