BILL · 1993–94 SESSION

SB 6210: Insurers' capital & surplus

Requiring certain capital and surplus for insurers.

Summary

  • The grandfather clause which provides an exception to the minimum unimpaired capital or unimpaired basic surplus requirements for insurers licensed before July 1, 1991 is eliminated. In addition to the capital or surplus requirements, an insurer must always maintain unimpaired additional surplus.

From the Senate Bill Report (SB 6210), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 17, 1994
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Ray Moore (D-36)
Introduced
January 17, 1994 in the Senate
Last action
March 11, 1994
Requested by
Other
Budget
Has a fiscal note

Sponsors

Prime sponsor: Ray Moore (D-36)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 6210 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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