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Life Care Institutions Post Surety Bond As Reserve

Concerning the ability of life care institutions to post a surety bond as a form of required reserve.
2019 Regular Session
Financial Services & Commerce
Bill Summary

Life care institutions - reserve requirement - surety bond option. Current law requires life care institutions to maintain reserves through 1 or more of several options that all require liquidity. The act allows a surety bond as a type of allowable reserve.
(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/28/2019 Signed Act PDF
    03/19/2019 Final Act PDF
    03/15/2019 Rerevised PDF
    03/14/2019 Revised PDF
    01/31/2019 Reengrossed PDF
    01/29/2019 Engrossed PDF
    01/04/2019 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details