Bill Bush
- Democratic
- Representative
- District 29
Primary
This Act reflects the National Association of Insurance Commissioner’s revisions to the Model Credit for Reinsurance Act. The revisions make the law consistent with provisions of covered agreements with the European Union and United Kingdom with respect to reinsurance collateral requirements. The changes will also provide reinsurers domiciled in National Association of Insurance Commissioners-qualified jurisdictions other than within the EU (currently, Bermuda, Japan and Switzerland) with the possibility of similar reinsurance collateral reductions. This is an accreditation bill.
Signed by Governor
Passed By Senate. Votes: 21 YES
Reported Out of Committee (Banking, Business & Insurance) in Senate with 6 On Its Merits
Assigned to Banking, Business & Insurance Committee in Senate
Passed By House. Votes: 41 YES
Suspension of Rules in House
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 6 Favorable, 6 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
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