| SB 1227 | Limits the value of such real estate purchased by insurance companies to 20% of their capital and surplus |
| Sponsor: | Rohrbach | |||
| LR Number: | 4933S.02P | Fiscal Note: | 4933-02 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 04/30/02 - Voted Do Pass H Insurance Committee | Journal page: | ||
| Title: | SCS SB 1227 | |||
| Effective Date: | August 28, 2002 | |||
SCS/SB 1227 - This act limits insurance companies'
investments in real estate. The value of such real estate
purchased cannot exceed 20% of the insurance company's capital
and surplus as shown by its last annual statement.
STEPHEN WITTE