Bill

Bill > H3894


MA H3894

Relative to life insurance


summary

Introduced
08/14/2017
In Committee
02/01/2018
Crossed Over
05/03/2018
Passed
05/07/2018
Dead
Signed/Enacted/Adopted
05/17/2018

Introduced Session

190th General Court

Bill Summary

For legislation to further regulate the domestic stock life insurance company, known as The Savings Bank Life Insurance Company of Massachusetts. Financial Services.

AI Summary

This bill seeks to allow the domestic stock life insurance company, known as The Savings Bank Life Insurance Company of Massachusetts, to adopt restated articles of organization and bylaws as approved by its stockholders. This will provide for the company's governance and capital structure, which can be amended from time to time in a manner similar to other domestic stock life insurance companies under Massachusetts law.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Signed by the Governor, Chapter 89 of the Acts of 2018 (on 05/17/2018)

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