SB 1078
Modifies the criteria used for issuing extraordinary dividends by certain insurance holding companies
Sponsor:
LR Number:
3791S.03T
Last Action:
7/1/2004 - Signed by Governor
Journal Page:
Title:
SCS SB 1078
Calendar Position:
Effective Date:
August 28, 2004

Current Bill Summary

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

Amendments

No Amendments Found.