Mississippi Legislature

1997 Regular Session

House Bill 520

[Introduced] [Passed House] [Sent to Governor]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Domestic insurance companies; require board approval before loan or investment of funds.

History of Actions:

101/07/97(H)Referred To Insurance
201/22/97(H)Title Suff Do Pass
301/28/97(H)Passed
401/29/97(H)Transmitted To Senate
501/30/97(S)Referred To Insurance
602/21/97(S)Title Suff Do Pass
703/05/97(S)Passed
803/06/97(S)Transmitted To House
903/10/97(H)Enrolled Bill Signed
1003/11/97(S)Enrolled Bill Signed
1103/11/97Due From Governor 03/17/97
1203/17/97Approved by Governor

Background Information:

Effective datePassage
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo
Chapter number325

House Committee:

Senate Committee:

Principal Author: Stevens

Code Section: A 083-0019-0051

Title: AN ACT TO AMEND SECTION 83-19-51, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT NO LOAN OR INVESTMENT OF FUNDS BY DOMESTIC INSURANCE COMPANIES, EXCEPT LOANS ON THE SECURITY OF LIFE INSURANCE POLICIES, SHALL BE MADE BY ANY SUCH COMPANY UNLESS AUTHORIZED BY THE BOARD OF DIRECTORS OR BY A COMMITTEE THEREOF CHARGED WITH THE DUTY OF SUPERVISING LOANS OR INVESTMENTS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/17/97 at 17:47.



End Of Document

1997/History/HB\HB0520.htm