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SB189 Alabama 2013 Session

Updated Jul 24, 2021
SB189 Alabama 2013 Session
Senate Bill
In Committee
Current Status
Regular Session 2013
Session
6
Sponsors

Summary

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.

Subjects
Insurance

Bill Actions

S

Indefinitely Postponed

S

Read for the second time and placed on the calendar

S

Read for the first time and referred to the Senate committee on Banking and Insurance

Bill Text

Documents

Source: Alabama Legislature