2012 Senate Bill 937 / Public Act 166

Revise insurance investment detail

Introduced in the Senate

Feb. 8, 2012

Introduced by Sen. Joe Hune (R-22)

To extend to “secured instruments” certain restrictions on transactions with a potentially insolvent insurance company.

Referred to the Committee on Insurance

March 8, 2012

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

March 20, 2012

Substitute offered

The substitute passed by voice vote

March 21, 2012

Passed in the Senate 38 to 0 (details)

Received in the House

March 22, 2012

Referred to the Committee on Banking and Financial Services

May 23, 2012

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

May 29, 2012

Substitute offered

The substitute passed by voice vote

May 30, 2012

Passed in the House 109 to 0 (details)

To extend to “secured instruments” certain restrictions on transactions with a potentially insolvent insurance company.

Received in the Senate

May 31, 2012

June 5, 2012

Passed in the Senate 38 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

June 14, 2012