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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 76(R)

SENATE BILL 1657  

SENATE AUTHOR: Jackson

EFFECTIVE: 09-01-99         

HOUSE SPONSOR: Smithee

Senate Bill 1657 amends the Insurance Code to increase from $50,000 to $100,000 the total amount of annual salary or compensation that an officer of a domestic insurance company may be paid without requiring approval by the company's board of directors.