SB 450 (2016): relative to investments by insurance companies.

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@misc{bill-2016-sb450, title = {SB 450 (2016): relative to investments by insurance companies.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2016/sb450}, note = {Accessed 24 Oct. 2026} }

SB 450 (2016)

relative to investments by insurance companies.

  • Status: Signed into law
  • Term: 2015-2016
  • House committee: Commerce and Consumer Affairs
  • Senate committee: Commerce
  • Subject: Insurance
  • Chapter law: 254

The Story

It was introduced on January 6, 2016 and referred to the Senate Commerce committee. The committee held a public hearing on February 9, 2016. The committee recommended that the Senate pass it. On February 18, 2016 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on March 10, 2016 and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on March 29, 2016. The committee held a work session on April 5, 2016. The committee met in executive session on April 12, 2016 to vote on its recommendation. The committee voted 18–2 to recommend that the House pass it, and the report was placed on the consent calendar. On April 20, 2016 the House voted to pass it on a voice vote. The bill was enrolled on June 1, 2016 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2016-1986e) was adopted on a voice vote to correct technical errors found after passage. The governor signed it on June 10, 2016, making it Chapter 254 of the session laws. It took effect on August 9, 2016.

Sponsors

Hearings and Sessions

  • February 9, 2016, 1:30 PM: hearing, Senate Commerce, SH 100
  • March 29, 2016, 11:00 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
  • April 5, 2016, 2:00 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • April 12, 2016, 1:00 PM: executive session, House Commerce and Consumer Affairs, LOB 302

Votes

  • February 18, 2016, Senate: Ought to Pass — voice vote, passed
  • April 20, 2016, House: Ought to Pass — voice vote, passed

The Docket

  • January 6, 2016: Introduced 01/06/2016 and Referred to Commerce
  • February 9, 2016: Hearing: 02/09/2016, Room 100, SH, 01:30 pm; SC5
  • February 18, 2016: Committee Report: Ought to Pass, 02/18/2016; SC6
  • February 18, 2016: Ought to Pass : MA, VV; OT3rdg; 02/18/2016
  • March 10, 2016: Introduced 03/10/2016 and referred to Commerce and Consumer Affairs
  • March 29, 2016: Public Hearing: 03/29/2016 11:00 AM LOB 302
  • April 5, 2016: Subcommittee Work Session: 04/05/2016 02:00 PM LOB 302
  • April 12, 2016: Executive Session: 04/12/2016 01:00 PM LOB 302
  • April 20, 2016: Committee Report: Ought to Pass for 04/20/2016 (Vote 18-2; CC)
  • April 20, 2016: Ought to Pass : MA VV 04/20/2016
  • May 19, 2016: Enrolled Bill Amendment #2016-1986e : AA VV 05/19/2016
  • May 19, 2016: Enrolled Bill Amendment #2016-1986e Adopted, VV, (In recess of 05/19/2016)
  • June 1, 2016: Enrolled 06/01/2016
  • June 1, 2016: Enrolled (In recess 06/01/2016)
  • June 10, 2016: Signed by the Governor on 06/10/2016; Chapter 0254; Effective 08/09/2016

Laws It Would Change

From the General Court