BILL · 1995–96 SESSION

SB 5432: Insurance company reserves

Regulating unearned premium, loss, and loss expense reserves.

Summary

  • Modifications are made to current law regarding reserves insurance companies must maintain for unearned premiums and losses. The Insurance Commissioner may grant an insurance company permission to use a different method of calculation than specified in statute in order to consider uneven exposure to losses over the policy term.

From the Senate Bill Report (SB 5432), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 35, Laws of 1995
  1. IntroducedJan 23, 1995
  2. Out of committee
  3. Passed SenateMar 7, 1995
  4. Passed HouseApr 4, 1995
  5. Governor
  6. LawApr 13, 1995
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 23, 1995 in the Senate
Last action
April 13, 1995
Session law
Chapter 35, Laws of 1995
Requested by
Other

Sponsors

Prime sponsor: Margarita Prentice (D-11)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

Senate · Final Passage

March 7, 1995
Version voted on: SB 5432
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican22002
How each member voted

House · Final Passage

April 4, 1995
Version voted on: SB 5432
97 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat36000
Republican61000
How each member voted

Yea (97)

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 5432 in other sessions

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

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