HB 1430 (1996): clarifying the current prohibition of banks engaging in the insurance business.

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@misc{bill-1996-hb1430, title = {HB 1430 (1996): clarifying the current prohibition of banks engaging in the insurance business.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1996/hb1430}, note = {Accessed 24 Oct. 2026} }

HB 1430 (1996)

clarifying the current prohibition of banks engaging in the insurance business.

  • Status: Referred for interim study
  • Term: 1995-1996
  • House committee: Commerce, Small Business, Consumer Affairs and Economic Development
  • Subject: Miscellaneous

The Story

It was introduced on January 3, 1996 and referred to the House Commerce, Small Business, Consumer Affairs and Economic Development committee. The committee held a public hearing on February 14, 1996. The majority of the committee recommended that the House study it after the session ends unanimously, 13–0. On March 6, 1996 the House voted to study it after the session ends on a voice vote. The committee held work sessions on June 19, 1996, September 26, 1996 and October 17, 1996. The committee reported back on its interim study of the bill: “Recommended for Future Legislation”, by a vote of 14 to 0.

Sponsors

  • Rep. B. Packard (Hills 19) (prime sponsor)
  • Rep. F. King
  • Sen. Blaisdell (SD10)

Hearings and Sessions

  • February 14, 1996, 10:00 AM: hearing, House Commerce, Small Business, Consumer Affairs and Economic Development, REPS HALL
  • June 19, 1996, 1:00 PM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
  • September 26, 1996, 10:00 AM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB :COMMERCE

Votes

  • March 6, 1996, House: Refer for Interim Study — voice vote, passed

The Docket

  • January 3, 1996: INTRODUCED AND REF TO COMMERCE; HJ4,P134
  • January 3, 1996: COPY TO CHAIRMAN ON 12/12/95 DUE ON 02/22/96
  • February 14, 1996: HEARING FEB14 10:00 REPS HALL FOR: COMMERCE
  • February 22, 1996: MAJ REPORT REF FOR STUDY FOR MAR05 (VOTE 13-0)
  • March 5, 1996: MOVED TO MAR06 CAL WITHOUT OBJECTION
  • March 6, 1996: REFERRED TO COMMERCE FOR INTERIM STUDY VV; HJ37,P1299
  • June 19, 1996: INT STUDY SUBCOM WORK SESSION JUN19 01:00 RM302,LOB FOR: COMM
  • September 26, 1996: INT STUDY SUBCOM WORK SESS SEP26 10:00 RM302,LOB :COMMERCE
  • October 17, 1996: INT STUDY SUBCOM MTG OCT17 10:00 RM302,LOB FOR: COMMERCE
  • October 24, 1996: INT STUDY REPT: REC FOR LEG IN 1997 (VOTE 14-0) <LSR 97-????>

Laws It Would Change

From the General Court