SB 33 (1995): regarding standard valuation of insurance policies.

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@misc{bill-1995-sb33, title = {SB 33 (1995): regarding standard valuation of insurance policies.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1995/sb33}, note = {Accessed 24 Oct. 2026} }

SB 33 (1995)

regarding standard valuation of insurance policies.

  • Status: Signed into law
  • Term: 1995-1996
  • House committee: Commerce, Small Business, Consumer Affairs and Economic Development
  • Senate committee: Insurance
  • Subject: Insurance
  • Chapter law: 178

The Story

It was introduced on January 5, 1995 and referred to the Senate Insurance committee. The committee held a public hearing on February 8, 1995. The committee recommended that the Senate pass it with changes. On March 7, 1995 the Senate voted to pass it with changes on a voice vote. It crossed to the House on March 16, 1995 and was referred to the House Commerce, Small Business, Consumer Affairs and Economic Development committee. The committee held a public hearing on April 4, 1995. The majority of the committee recommended that the House pass it unanimously, 18–0, and the report was placed on the consent calendar. On April 25, 1995 the House voted to pass it. An enrolled bill amendment (2549) was adopted on a voice vote on May 16, 1995. These correct technical errors found after passage. An enrolled bill amendment () was adopted on a voice vote on May 18, 1995. These correct technical errors found after passage. The bill was enrolled on May 23, 1995 — the final check of the text before it goes to the governor. The governor signed it on June 5, 1995, making it Chapter 178 of the session laws. It took effect on January 1, 1996.

Sponsors

  • Sen. Rodeschin (SD8) (prime sponsor)

Hearings and Sessions

  • February 8, 1995, 11:00 AM: hearing, Senate Insurance, RM101,LOB
  • April 4, 1995, 10:30 AM: hearing, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
  • April 18, 1995, 2:00 PM: subcommittee work session, RM302,LOB

Votes

  • March 7, 1995, Senate: Ought to Pass with Amendment — voice vote, passed

The Docket

  • January 5, 1995: INTRODUCED AND REF TO INSURANCE; SJ2,P24
  • February 8, 1995: HEARING FEB08 11:00 RM101,LOB FOR: INSURANCE
  • March 2, 1995: COMM REPORT OTP/AM MAR07
  • March 2, 1995: PROP COMM AM<1388>; SC16,P4-6
  • March 7, 1995: COMM AM, AA VV; PASSED WITH AM VV; SJ7,P87-89 + 92
  • March 16, 1995: INTRODUCED AND REF TO COMMERCE; HJ44,P1324
  • March 22, 1995: COPY TO CHAIRMAN ON 03/22/95 DUE ON 05/03/95
  • April 4, 1995: HEARING APR04 10:30 RM302,LOB FOR: COMMERCE
  • April 5, 1995: <NOTE TIME CHANGE> SUBCOM WORK SESSION APR18 02:00 RM302,LOB
  • April 20, 1995: MAJ REPORT OTP FOR APR25 (VOTE 18-0;CC)
  • April 25, 1995: PASSED; HJ59,P1633 + 1646
  • May 16, 1995: ENROLLED AM<2549>, AA VV; SJ21,P441
  • May 18, 1995: ENROLLED AM, AA VV; HJ68,P1892
  • May 23, 1995: ENROLLED; SJ22,P482
  • May 23, 1995: ENROLLED; HJ71,P1974
  • June 5, 1995: SIGNED BY GOVERNOR 06/05/95 EFF: 01/01/96 CHAP.0178

Laws It Would Change

From the General Court