Bill Information

Senate Bill 772
2021-2022 Regular Session
An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in life insurance, further providing for standard nonforfeiture law for individual deferred annuities; and, in suitability of annuity transactions, further providing for definitions, for applicability and scope of article, for duties of insurers and insurance producers, for insurance producer training, for mitigation of responsibility, for recordkeeping and for enforcement.
Co-Sponsorship Memo
Prime Sponsor
Photo of Senator Senator John DiSanto
Senator John DiSanto
R Senate District 15
Co-Sponsors
Photo of Senator Sen. Sharif Street
Sen. Sharif Street
D Senate District 3
Photo of Senator Sen. Bob Mensch
Sen. Bob Mensch
R Senate District 24
Photo of Senator Sen. Joe Pittman
Sen. Joe Pittman
R Senate District 41
Photo of Senator Sen. John Kane
Sen. John Kane
D Senate District 9
Photo of Senator Sen. John Yudichak
Sen. John Yudichak
I Senate District 14
Photo of Senator Sen. Patrick Stefano
Sen. Patrick Stefano
R Senate District 32
Photo of Senator Sen. James Brewster
Sen. James Brewster
D Senate District 45
Bill Status & History
Last Action: Act No. 99 of 2021, Dec. 22, 2021
S
H
0912 Referred to Banking & Insurance, June 16, 2021
Reported as committed, June 23, 2021
First consideration, June 23, 2021
Second consideration, June 24, 2021
Re-referred to Appropriations, June 24, 2021
Re-reported as committed, June 24, 2021
Third consideration and final passage, June 25, 2021 (50-0)
In the House
Referred to Insurance, June 28, 2021
1127 Reported as amended, Oct. 4, 2021
First consideration, Oct. 4, 2021
Laid on the table, Oct. 4, 2021
Removed from table, Oct. 27, 2021
Second consideration, Nov. 8, 2021
Re-referred to Appropriations, Nov. 8, 2021
Re-reported as committed, Nov. 9, 2021
Third consideration and final passage, Nov. 9, 2021 (200-0)
In the Senate
Referred to Rules & Executive Nominations, Nov. 9, 2021
Re-reported on concurrence, as committed, Dec. 13, 2021
Senate concurred in House amendments, Dec. 13, 2021 (49-0)
Signed in Senate, Dec. 14, 2021
Signed in House, Dec. 14, 2021
Presented to the Governor, Dec. 15, 2021
Approved by the Governor, Dec. 22, 2021
Act No. 99 of 2021, Dec. 22, 2021
Printers Numbers
Oct 04, 2021
PN 1127
Jun 16, 2021
PN 912
Votes
Committee Meetings
(to consider Senate Bill No. 772; and certain Executive Nominations)
(to consider Senate Bill No. 772; and certain Executive Nominations)

Voting meeting to consider SB 772, re-refer HB 599, and any other business that may come before the committee.
Voting meeting to consider SB 772, re-refer HB 599, and any other business that may come before the committee.

(to consider Senate Bills No. 480 and 772; and House Bills No. 1147, 1300, 1349, 1429 and 1621)
(to consider Senate Bills No. 480 and 772; and House Bills No. 1147, 1300, 1349, 1429 and 1621)

(to consider the nominations of James Biery and Mary Zenner to the Banking and Securities Commission; Senate Bills No. 225, 705 and 772; and House Bill No. 1349)
(to consider the nominations of James Biery and Mary Zenner to the Banking and Securities Commission; Senate Bills No. 225, 705 and 772; and House Bill No. 1349)
Statute References

This bill amends the act of May 17, 1921 (P.L.0682, No.0284), known as the "Insurance Company Law Of 1921, The". Other bills amending the same statute are listed below.


Senate Bill 772
2021-2022 Regular Session
Sponsors
DiSANTO, STREET, MENSCH, PITTMAN, KANE, YUDICHAK, STEFANO, BREWSTER

Short Title
An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in life insurance, further providing for standard nonforfeiture law for individual deferred annuities; and, in suitability of annuity transactions, further providing for definitions, for applicability and scope of article, for duties of insurers and insurance producers, for insurance producer training, for mitigation of responsibility, for recordkeeping and for enforcement.

Memo Subject
Updating Pennsylvania's Annuity Laws

Actions
0912 Referred to BANKING AND INSURANCE, June 16, 2021
Reported as committed, June 23, 2021
First consideration, June 23, 2021
Second consideration, June 24, 2021
Re-referred to APPROPRIATIONS, June 24, 2021
Re-reported as committed, June 24, 2021
Third consideration and final passage, June 25, 2021 (50-0)
In the House
Referred to INSURANCE, June 28, 2021
1127 Reported as amended, Oct. 4, 2021
First consideration, Oct. 4, 2021
Laid on the table, Oct. 4, 2021
Removed from table, Oct. 27, 2021
Second consideration, Nov. 8, 2021
Re-referred to APPROPRIATIONS, Nov. 8, 2021
Re-reported as committed, Nov. 9, 2021
Third consideration and final passage, Nov. 9, 2021 (200-0)
In the Senate
Referred to RULES AND EXECUTIVE NOMINATIONS, Nov. 9, 2021
Re-reported on concurrence, as committed, Dec. 13, 2021
Senate concurred in House amendments, Dec. 13, 2021 (49-0)
Signed in Senate, Dec. 14, 2021
Signed in House, Dec. 14, 2021
Presented to the Governor, Dec. 15, 2021
Approved by the Governor, Dec. 22, 2021
Act No. 99 of 2021, Dec. 22, 2021

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