Meeting to consider SB 903, SB 1229, HB 858, and HB 1769


Senate Banking and Insurance Committee

Monday, September 21, 2020 | 11:30 a.m.

Senate Chamber (and Virtual Participation)

Senate Bill 1229, PN1847 (Laughlin), amending The Insurance Company Law of 1921, in general provisions relating to insurance companies, associations and exchanges, further providing for service contract exclusion. There will be a Technical Amendment.

House Bill 858, PN0972 (Brown), authorizing certain financial institutions to conduct savings promotion programs; and providing for enforcement by the Department of Banking and Securities. There will be an agreed to Amendment

House Bill 1769, PN2360 (Mackenzie), amending the Charitable Gift Annuity Exemption Act to define “de-risking annuity contract”.

Senate Bill 903, PN1258 (Mensch), amending the act of October 16, 1996 (P.L.712, No.127), known as the Charitable Gift Annuity Exemption Act, further providing for definitions.  This is the companion bill in the Senate to House Bill 1769.