History of Actions | Background | Title |
Description: Domestic insurance companies; require board approval before loan or investment of funds.
| 1 | 01/07/97 | (S) | Referred To Insurance | |
| 2 | 01/23/97 | (S) | Title Suff Do Pass | |
| 3 | 02/05/97 | (S) | Passed | |
| 4 | 02/06/97 | (S) | Transmitted To House | |
| 5 | 02/11/97 | (H) | Referred To Insurance | |
| 6 | 03/04/97 | (H) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
House Committee:
Principal Author: Kirby
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.
End Of Document
1997/History/SB\SB2090.htm