01RS SB106


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SB 106 (BR 1076) - T. Buford, M. Long

     AN ACT relating to insurance.
     Amend KRS 304.6-020 to provide that good will, trade names, and other like intangible assets shall not be allowed as assets in any determination of the financial condition of an insurer, except as expressly permitted and as prescribed by the National Association of Insurance Commissioners' accounting practices and procedures.

     Feb 8-introduced in Senate
     Feb 13-to Banking and Insurance (S)
     Feb 15-reported favorably, 1st reading, to Consent Calendar
     Feb 16-2nd reading, to Rules
     Feb 19-posted for passage in the Consent Orders of the Day for Tuesday, February 20, 2001; taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
     Feb 20-3rd reading, passed 38-0
     Feb 21-received in House
     Feb 22-to Banking and Insurance (H)
     Feb 23-posted in committee
     Feb 28-reported favorably, 1st reading, to Calendar
     Mar 1-2nd reading, to Rules
     Mar 5-posted for passage in the Regular Orders of the Day for Tuesday, March 6, 2001
     Mar 7-3rd reading, passed 96-0; received in Senate
     Mar 8-enrolled, signed by each presiding officer, delivered to Governor
     Mar 15-signed by Governor (Acts ch. 101)

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