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Bill Detail: HB19-1043

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Title Life Care Institutions Post Surety Bond As Reserve
Status Introduced In Senate - Assigned to Business, Labor, & Technology (02/04/2019)
Bill Subjects
  • Financial Services & Commerce
House Sponsors R. Galindo (D)
Senate Sponsors J. Danielson (D)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 01/04/2019
Description

Current law requires life care institutions to maintain reserves
through one or more of several options that all require liquidity. The bill
allows a surety bond as a type of allowable reserve.

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