HB 552, 56th R.S.
Relating to amending the Insurance Code to provide that items of capital stock and minimum surplus shall consist only of cash, bonds of this state or of the United States or guaranteed as to principal and interest by the United States, insured first mortgages or unencumbered real estate in this state, provided that investment in such notes shall not exceed one-half (1/2) of the capital stock and minimum surplus of the investing company, and in evidences of indebtedness of any county, city or other municipality of this state.
Author: Malcolm McGregor
Subjects:
Financial--General
Insurance--Insurers & Agents
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.