l9n/ Connecticut

2016 Regular Session

House Bill 5232

AN ACT CONCERNING THE INSURERS REHABILITATION AND LIQUIDATION ACT.

Did not become law. It stopped in the Senate on April 25, 2016. The 2016 session has ended.

What it does

The synopsis the General Assembly published with the bill.

To (1) update the Insurers Rehabilitation and Liquidation Act to reflect provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act, (2) provide that a transfer pursuant to a commutation of a reinsurance agreement shall not be voidable as a preference, (3) specify limits on when a party to a netting agreement or qualified financial contract with an insolvent insurer may exercise such party's right to terminate, liquidate, accelerate or close out obligations with respect to such agreement or contract, and (4) delete an obsolete provision concerning insurer receivership and make a conforming change.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

In the Senate

    1 co-sponsor

    Joseph J. Crisco Jr.

    Its course

    February 16 to April 25, 2016, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action12 actions on 7 days

    In the House of RepresentativesFeb 16 to Apr 2266 days

    Insurance and Real Estate CommitteeFeb 16 to Mar 1124 days

    In the SenateApr 22 to Apr 25 · stopped3 days

    Text

    Each version as the General Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the General Assembly published it is below.

    In the House of Representatives Feb 16 – Apr 22

    1. Feb 16Introduced and sent to Insurance and Real Estate Committee
    2. Feb 26Heard in Insurance and Real Estate Committee
    3. Mar 11Insurance and Real Estate Committee recommended a substitute for it
    4. Apr 22Passed the House of Representatives

    In the Senate Apr 25

    1. Apr 25Arrived in the Senate
    All 12 actions, as published
    1. Feb 16REF. TO JOINT COMM. ONBoth houses
    2. Feb 26PUBLIC HEARINGBoth houses
    3. Mar 11Joint Favorable SubstituteBoth houses
    4. Mar 11FILED WITH LCOBoth houses
    5. Mar 18REFERRED TO OLR, OFABoth houses
    6. Mar 24RPTD. OUT OF LCOBoth houses
    7. Mar 24FAV. RPT., TABLED FOR HOUSE CALENDARHouse of Representatives
    8. Mar 24HOUSE CALENDAR NUMBERHouse of Representatives
    9. Mar 24FILE NO.Both houses
    10. Apr 22HOUSE PASSEDHouse of Representatives
    11. Apr 25FAV. RPT., TAB. FOR CAL., SEN.Senate
    12. Apr 25SENATE CALENDAR NUMBERSenate