BILL · 2015–16 SESSION

SB 6323: Domestic insurer acquisition

Regulating the acquisition of domestic insurers.

Summary

  • No person, other than the issuer, may make an offer to acquire or enter into any agreement to acquire control of a domestic insurer, incorporated as a nonprofit, if the person would directly or indirectly be in control of the insurer unless (1) the person has filed a notice of intent to acquire with the commissioner at least 60 days prior to the offer or entering into any agreement to acquire control; (2) the…

From the Senate Bill Report (Orig.) (SB 6323), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2016
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
January 15, 2016 in the Senate
Last action
March 10, 2016

AN ACT Relating to insurers;

Sponsors

Prime sponsor: Maralyn Chase (D-32)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Financial Institutions & Insurance.

SB 6323 in other sessions

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

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