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HB19-1043

Life Care Institutions Post Surety Bond As Reserve

Concerning the ability of life care institutions to post a surety bond as a form of required reserve.
Session:
2019 Regular Session
Subject:
Financial Services & Commerce
Bill Summary

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.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text