MA H3661

Bill

To help small fraternal insurance companies

Introduced
03/02/2017

In Committee
05/01/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the investment of funds by fraternal benefit societies. Financial Services.

AI Summary

This bill amends Section 176 of Chapter 40 to increase the investment limit for fraternal benefit societies from 25% to 50%. This change will help small fraternal insurance companies by allowing them to invest a larger portion of their funds, potentially improving their financial standing and ability to serve their members.

Committee Categories

Business and Industry

Sponsors (1)

Matt Muratore (R),

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

Official Document

https://malegislature.gov/Bills/190/H3661

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H3661
Bill	https://malegislature.gov/Bills/190/H3661.pdf

Bill	Bill Name	Last Action	Type
H2186	Relative to single risk limitations	Read second and ordered to a third reading	Similar To
H4778	Financial services	Discharged to the committee on House Rules	Replaced by
H479	Relative to arbitration for automobile insurance property damage	Accompanied a study order, see H4778	Similar To
H481	Authorizing insurance providers to extend motor vehicle liability insurance rebates to customers with safe driving records	Accompanied a study order, see H4778	Similar To
S509	Relative to insurance companies and quality measures	Accompanied a study order, see S2496	Similar To
S536	Relative to continuing education of insurance producers	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S561	Relative to executive compensation for mutual companies	Accompanied a study order, see S2496	Similar To
S586	Relative to single risk limitations	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > H3661

MA H3661

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary