Relating to the legal reserve requirements of life insurance companies

Where it is now

1. ✓
   Done: IntroducedJanuary 31, 2020
2. –
   Skipped: SubcommitteeSkipped
3. ✓
   Done: Senate committeeJanuary 31, 2020
4. ✓
   Done: Passes the SenateFebruary 24, 202048–0
5. –
   Skipped: House committeeSkipped
6. ✓
   Done: Passes the HouseMarch 3, 2020
7. ✓
   Done: To the GovernorMarch 11, 2020
8. ✓
   Done: Signed into lawMarch 12, 2020

Signed into law What’s a funnel?

What’s in it

Life insurance companies may invest in, among other things, certain financial instruments used in hedging transactions to satisfy their legal reserve requirements. A maximum of percent of a life insurance company’s legal reserve may be held in the form of securities pledged as collateral in highly effective hedging transactions. 86. 108.

Full bill text · What changed before it passed¹

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