Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
Yes | Positive | Neutral | Neutral | Positive | Neutral |
Relating to capital stock requirements for certain insurance companies.
No significant fiscal implication to the State is anticipated.
HB 3255 would modify existing law to remove the requirement for shareholders of an insurance company authorizing shares of stock without par value to in good faith subscribe and pay for shares representing at least 50 percent of the authorized shares without par value.