summary
Introduced
08/03/2017
08/03/2017
In Committee
12/18/2017
12/18/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to life insurance. Financial Services.
AI Summary
This bill amends Chapter 176 of the Acts of 2010 by striking Section 2 in its entirety and inserting a new section that allows the domestic stock life insurance company, established by Chapter 499 of the Acts of 1990, to adopt restated articles of organization and by-laws as approved by stockholders under Section 4 of Chapter 178A of the General Laws. This change provides the company with the flexibility to govern its capital structure and governance in a manner that is permissible for other domestic stock life insurance companies under Chapter 175 of the General Laws.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Rules (on 12/18/2017)
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/190/S2207 |
| Bill | https://malegislature.gov/Bills/190/S2207.pdf |
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