07RS SB122

SB122

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


SB 122 (BR 1039) - J. Denton

     AN ACT relating to insurance company dividends.
     Amend KRS 304.37-030 to redefine extraordinary dividend to mean that dividend, together with other dividends or distribution within the preceding 12 months that exceeds the greater, rather than lesser, of 10 percent of the insurer's surplus at calendar year's end.

     Feb 7-introduced in Senate
     Feb 9-to Banking & Insurance (S)


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