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HB 471: Insurance Receivership

GENERAL BILL by Bainter

Insurance Receivership; creates "Interstate Insurance Receivership Compact"; establishes Interstate Insurance Receivership Commission; provides receivership functions of commission; authorizes commission to levy & collect annual assessment from member states & insurers; specifies rate of assessment; exempts commission from all taxation; provides for amendment of compact & for withdrawal from compact; provides consequences for default by compacting state, etc.

Effective Date: 10/01/1997
Last Action: 4/13/1998 House - Withdrawn from Financial Services (EIC); Governmental Rules & Regulations (GRC); Finance & Taxation (FRC); General Government Appropriations; Withdrawn from further consideration -HJ 00525
Bill Text: Web Page | PDF

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  • Bill History

  • HB 471, Original Filed Version (Current Bill Version) Posted 8/28/2000 at 11:07 AM