| SB 1078 | Modifies the criteria used for issuing extraordinary dividends by certain insurance holding companies |
| Sponsor: | Loudon | |||
| LR Number: | 3791S.03T | Fiscal Note: | 3791-03 | |
| Committee: | Small Business, Insurance & Industrial Relations | |||
| Last Action: | 07/01/04 - Signed by Governor | Journal page: | ||
| Title: | SCS SB 1078 | |||
| Effective Date: | August 28, 2004 | |||
SCS/SB 1078 - This act modifies the law so that the
criteria used for issuing extraordinary dividends for life
insurance companies is applied to property and casualty
insurance companies. The act also defines net income as
excluding net realized capital gains to the extent that
realized capital gains exceed realized capital losses.
STEPHEN WITTE