BILL · 2007–08 SESSION

HB 3011: Securities/insurers

Safeguarding securities owned by insurers.

Summary

  • Allows a broker/dealer to serve as a custodian of securities bought and sold by a domestic insurer.
  • Establishes terms and conditions required in a contract between an insurer and a custodian.

From the House Bill Report (HB 3011), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 234, Laws of 2008
  1. IntroducedJan 21, 2008
  2. Out of committeeJan 31, 2008
  3. Passed HouseFeb 4, 2008
  4. Passed SenateMar 6, 2008
  5. GovernorMar 28, 2008
  6. LawApr 1, 2008
Prime sponsor
Liz Loomis (D-44)
Introduced
January 21, 2008 in the House
Last action
April 1, 2008
Session law
Chapter 234, Laws of 2008

AN ACT Relating to safeguarding securities owned by insurers;

Sponsors

Prime sponsor: Liz Loomis (D-44)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

House · Final Passage

Passed February 4, 2008
Version voted on: HB 3011
93 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat60003
Republican33002
How each member voted

Yea (93)

Senate · 3rd Reading & Final Passage

Passed March 6, 2008
Version voted on: HB 3011
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat32000
Republican17000
How each member voted

History

  1. Effective date 6/12/2008.
  2. Chapter 234, 2008 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. FI - Majority; do pass.
  11. Passed to Rules Committee for second reading.
  12. First reading, referred to Financial Institutions & Insurance.
  13. Third reading, passed; yeas, 93; nays, 0; absent, 0; excused, 5.
  14. Rules suspended. Placed on Third Reading.
  15. Placed on second reading.
  16. IFCP - Majority; do pass.
  17. IFCP - Executive action taken by committee.
  18. First reading, referred to Insurance, Financial Services & Consumer Protection.

HB 3011 in other sessions

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

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