SB 131 -- DOMESTIC INSURER INVESTMENTS

SPONSOR:  Loudon (Yates)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Insurance Policy by a vote of 13 to 0.

This bill allows domestic insurance companies to invest capital,
reserves, and surpluses in preferred or guaranteed stocks.

FISCAL NOTE:  No impact on state funds in FY 2006, FY 2007, and
FY 2008.

PROPONENTS:  Supporters say that the bill gives companies more
choices on investments.  These investments must
carry at least the second highest designation rating by the
National Association of Insurance Commissioners (NAIC).

Testifying for the bill were Senator Loudon; and Metlife.

OPPONENTS:  There was no opposition voiced to the committee.

Marc Webb, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:21 pm