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SB 480, 63rd R.S.
Amending the Insurance Code to permit investment of surplus funds over and above the greater of either (a) ten per cent of admitted assets as determined from latest annual statement on file with the State Board of Insurance or (b)the minimum capital and surplus requirements for incorporating a life insurance company under Chapter 3, Insurance Code, as amended, in the capital stock, bonds and other obligations of any one or more solvent corporations.

Chamber Action Comments ↓ Date ↑
S Read first time   03/06/1973
S Referred to Committee on Economic Development   03/06/1973
S Committee hearing date   03/26/1973
S Reported favorably   03/26/1973
S Laid before Senate   04/12/1973
S Read second time and passed to engrossment   04/12/1973
S Passed   04/12/1973
S Sent to House   04/12/1973
H Received from the Senate   04/12/1973
H Read first time   04/17/1973
H Referred to Committee on Insurance   04/17/1973
H Considered in public hearing   05/01/1973
H Reported favorably   05/01/1973
H Read second time   05/12/1973
H Passed to third reading   05/12/1973
H Votes recorded   05/12/1973
H Read third time   05/12/1973
H Passed   05/12/1973
H Votes recorded   05/12/1973
S House passage reported   05/14/1973
S Signed   05/15/1973
H Signed   05/15/1973
S Sent to Governor   05/15/1973
S Signed by Governor   05/25/1973
S Effective immediately   05/25/1973


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