SECOND REGULAR SESSION

HOUSE BILL NO. 1596

90TH GENERAL ASSEMBLY


INTRODUCED BY REPRESENTATIVE AUER.

Read 1st time January 18, 2000, and 1000 copies ordered printed.

ANNE C. WALKER, Chief Clerk

3877L.01I


AN ACT

To amend chapter 375, RSMo, relating to insurance companies by adding thereto one new section relating to the same subject.




Be it enacted by the General Assembly of the state of Missouri, as follows:

Section A. Chapter 375, RSMo, is amended by adding thereto one new section, to be known as section 375.347, to read as follows:

375.347. Securities and other related assets not exclusively controlled by an insurance company shall only be held by banks, trust companies or securities depositories that are members of and regulated by the Securities and Exchange Commission, the federal reserve system and the appropriate banking authority.



Missouri House of Representatives