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
<p class="bill_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</p><p class="bill_description">
This bill would provide an exception to the
quality and diversity of investments requirement
for foreign and alien insurers for cash
equivalents</p><p class="bill_entitled_an_act"> 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.
</p>
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 |