HB 1921, 65th R.S.
To provide for the establishment of an association of member insurers under the Act as a separate legal entity, the establishment of a board of directors through which such association may act, the enumeration of the powers and duties of such association and the authorization for the adoption of a plan of operation by such association; to provide that the association shall maintain accounts, by line of business, made up of funds assessed from member insurers by the Commissioner of Insurance from which the association shall make funds available for the payment of covered claims; to provide for the repayment into the appropriate account of excess funds remaining after the payment of the covered claims of an impaired insurer; to add certain definitions to the Act; to increase the percentage of recovery of unearned premiums; to clarify the definition of "covered claims" for unearned premiums; to prohibit mentioning that the guaranty Act will provide for the payment of policyholder claims in any lawsuit to recover assets of an impaired insurer; declaring certain activities to be unfair competition and unfair practices; declaring the Act severable; and declaring an emergency.
Chamber | Action | Comments | ↓ Date ↑ |
H | Filed | 03/11/1977 | |
H | Read first time | 03/16/1977 | |
H | Referred to Committee on Insurance | 03/16/1977 | |
H | Considered by committee in public hearing | 04/26/1977 | |
H | Reported from committee favorably with amendments | 04/26/1977 | |
H | Referred to Committee on Calendars | 04/28/1977 | |
H | Assigned to General State Calendar | 05/02/1977 | |
H | Read second time | 05/20/1977 | |
H | Amendments | 05/20/1977 | |
H | Passed to third reading as amended | 05/20/1977 | |
H | Votes recorded | 05/20/1977 | |
H | Read third time | 05/21/1977 | |
H | Amendments | 05/21/1977 | |
H | Passed as amended | 05/21/1977 | |
H | Votes recorded | 05/21/1977 | |
H | Reported engrossed | 05/21/1977 | |
H | Sent to Senate | 05/23/1977 | |
S | Received from House | 05/23/1977 | |
S | Read first time | 05/24/1977 | |
S | Referred to Committee on Economic Development | 05/24/1977 | |
S | Reported from committee favorably | 05/25/1977 | |
S | Rules suspended | 05/26/1977 | |
S | Read second time | 05/26/1977 | |
S | Amended | 05/26/1977 | |
S | Passed to third reading | 05/26/1977 | |
S | Third reading | 05/26/1977 | |
S | Passed | 05/26/1977 | |
S | Vote recorded on | 05/26/1977 | |
S | Sent to House | 05/26/1977 | |
H | Returned from the Senate | 05/26/1977 | |
H | Rules suspended | 05/26/1977 | |
H | House concurred in Senate amendment(s) | 05/26/1977 | |
H | Text of Senate amendment(s) | 05/26/1977 | |
H | Reported enrolled | 05/26/1977 | |
H | Signed | 05/27/1977 | |
S | Signed | 05/27/1977 | |
H | Sent to the Governor | 05/27/1977 | |
H | Signed by the Governor | 06/16/1977 | |
H | Effective in 90 days | 06/16/1977 |
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.