Insurers rehabilitation and liquidation; federal home loan bank rights. (SB637)

Introduced By

Sen. Creigh Deeds (D-Bath)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Insurers rehabilitation and liquidation; federal home loan bank rights. Expands upon provisions that authorize a court, in instances of insurer rehabilitation and liquidation, to issue a restraining order or injunction to an insurer to prevent the transaction of future business or other business activities. The bill further creates provisions relating to federal home loan bank rights and insurer-members of federal home loan banks related to the transfer of assets, delinquency proceedings, and requirements for federal home loan banks upon appointing a receiver for an insurer-member. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2022Presented and ordered printed 22104341D
01/17/2022Referred to Committee on Commerce and Labor
01/31/2022Impact statement from SCC (SB637)
01/31/2022Stricken at request of Patron in Commerce and Labor (15-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB681.

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