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SB 77, 65th Regular Session
To provide that a domestic life insurance company may invest its several funds and accumulations in corporate first mortgage bonds, notes and debentures, and in other bonds, bills of exchange, or other commercial notes or bills or obligations of corporations meeting standards and specifications as set out in Paragraph 10 and in debentures of public utility corporations meeting certain standards and earning a specified amount in relation to interest payable as set out in Paragraph 13; and declaring an emergency.

Last action: 90 Day Bill

Author: O.H. Harris
Sponsor: Bob Davis

Remarks: Subcommittee members: Harris, Chm., Jones, and McKnight.

Session Law Chapter:
Acts 1977, 65th R.S.,ch. 101, General and Special Laws of Texas

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Financial--General
Insurance--Life & Annuities

House Committee: Insurance ()
Senate Committee: Economic Development ()

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