SENATE BILL 1291 |
SENATE AUTHOR: Cain |
EFFECTIVE: 09-01-97 |
HOUSE SPONSOR: Dutton |
Senate Bill 1291 amends the Insurance Code to permit fire and allied lines insurers to pay commercial policyholders dividends covering more than one class or line of commercial business. The act establishes related requirements and specifies permitted limitation of the payment of such dividends to a group of commercial policyholders.