SB1078 - Modifies the criteria used for issuing extraordinary dividends by certain insurance holding companies - Loudon
SB 1078 Modifies the criteria used for issuing extraordinary dividends by certain insurance holding companies
Sponsor:Loudon
LR Number:3791S.03T Fiscal Note:3791-03
Committee:Small Business, Insurance & Industrial Relations
Last Action:07/01/04 - Signed by Governor Journal page:
Title:SCS SB 1078
Effective Date:August 28, 2004
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Current Bill Summary

SCS/SB 1078 - This act modifies the law so that the criteria used for issuing extraordinary dividends for life insurance companies is applied to property and casualty insurance companies. The act also defines net income as excluding net realized capital gains to the extent that realized capital gains exceed realized capital losses.
STEPHEN WITTE