This bill would add provisions specific to federal home loan banks and insurer members of those banks to limit the authority of a receiver for an insurer in a delinquency proceeding and establish the rights and obligations of the federal home loan bank regarding collateral pledged by its insurer members involved in delinquency proceedings.
Further Consideration
McCampbell motion to Carry Over Temporarily adopted Voice Vote
Third Reading Carried Over
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Financial Services
Motion to Read a Third Time and Pass adopted Roll Call 824
Third Reading Passed
Holley motion to Carry Over to the Call of the Chair adopted Voice Vote
Third Reading Carried Over to Call of the Chair
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Banking and Insurance
Source: Alabama Legislature