SB189 Alabama 2013 Session
In Committee
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 | S | Indefinitely Postponed |
| March 5, 2013 | S | Read for the second time and placed on the calendar |
| February 12, 2013 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB189 Alabama 2013 Session - Introduced |