HB225 Alabama 2013 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Insurance, out-of-state insurers, investments, cash equivalents exempted from quality and diversity requirements, Sec. 27-41-39 am'd.
Description
Under existing law, the investments of foreign and alien insurers are required to be of a quality and diversity substantially equivalent to the quality and diversity required of domestic insurers
This bill would provide an exception to the quality and diversity of investments requirement for foreign and alien insurers for cash equivalents
Relating to insurance; to amend Section 27-41-39, Code of Alabama 1975, to exempt cash equivalents from the quality and diversity requirements of the investments of foreign and alien insurers authorized to transact insurance in this state.
Subjects
Insurance
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | H | Delivered to Governor at 12:20 p.m. on May 7, 2013. |
| May 7, 2013 | H | Assigned Act No. 2013-197. |
| May 7, 2013 | H | Clerk of the House Certification |
| May 7, 2013 | S | Signature Requested |
| May 2, 2013 | H | Enrolled |
| May 2, 2013 | H | Passed Second House |
| May 2, 2013 | S | Motion to Read a Third Time and Pass adopted Roll Call 801 |
| May 2, 2013 | S | Third Reading Passed |
| April 18, 2013 | S | Read for the second time and placed on the calendar |
| April 11, 2013 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| April 9, 2013 | H | Motion to Read a Third Time and Pass adopted Roll Call 336 |
| April 9, 2013 | H | Third Reading Passed |
| February 21, 2013 | H | Read for the second time and placed on the calendar |
| February 7, 2013 | H | Read for the first time and referred to the House of Representatives committee on Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB225 Alabama 2013 Session - Enrolled |
| Bill Text | HB225 Alabama 2013 Session - Introduced |