Bill Summary for S 647 (2011-2012)
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Summary date:
Jun 27 2012
S.L. 2012-161
Bill Information:
View NCGA Bill Details | 2011-2012 Session |
TO PROVIDE FOR THE CREATION OF MUTUAL INSURANCE HOLDING COMPANIES.Intro. by Rucho.
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Bill summary
Conference report recommends the following changes to 3rd edition to reconcile matters in controversy. Amends proposed GS 58-10-300(a) by adding the requirement that mutual insurance holding companies’ investments in subsidiaries, including intermediate holding companies, are not subject to any of the restrictions on investment activities established under GS 58-19-10.