NY S05730 | 2019-2020 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 13 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO INSURANCE
Pending: Senate Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on May 13 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO INSURANCE
Pending: Senate Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Relates to reserve investments for certain insurers in exchange-traded funds; expands the scope of permissible investments for certain insurers to include bond exchange-traded funds, provided that such funds have received a valid designation from the Securities Valuation Office of the National Association of Insurance Commissioners such that it may be filed on the statutory long-term bond obligation Schedule D-1 as promulgated by the Securities Valuation Office.
Title
Relates to reserve investments for certain insurers in exchange-traded funds; expands the scope of permissible investments for certain insurers to include bond exchange-traded funds, provided that such funds have received a valid designation from the Securities Valuation Office of the National Association of Insurance Commissioners such that it may be filed on the statutory long-term bond obligation Schedule D-1 as promulgated by the Securities Valuation Office.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-08 | Senate | REFERRED TO INSURANCE |
| 2019-05-13 | Senate | REFERRED TO INSURANCE |
