summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to the investment of funds by fraternal benefit societies. Financial Services.
AI Summary
This bill, concerning the investment of funds by fraternal benefit societies, proposes to amend Chapter 40 of the Massachusetts General Laws. Specifically, it seeks to increase the amount of funds that these societies, which are organizations that provide insurance benefits to their members, can invest. Currently, the law limits such investments to twenty-five percent of their funds. This bill would change that limit to fifty percent, allowing these fraternal insurance companies greater flexibility in how they manage and invest their assets.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4111 (on 03/28/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H869 |
| State Bill Page | https://malegislature.gov/Bills/189/H869 |
| Bill | https://malegislature.gov/Bills/189/H869.pdf |
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