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
Senator John DiSanto
R Senate District 15
Co-Sponsors
Sen. Sharif Street
D Senate District 3
Sen. Bob Mensch
R Senate District 24
Sen. Joe Pittman
R Senate District 41
Sen. John Kane
D Senate District 9
Sen. John Yudichak
I Senate District 14
Sen. Patrick Stefano
R Senate District 32
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
Votes
Monday, December 13, 2021
Senate RULES & EXECUTIVE NOMINATIONS Committee Vote
Senate RULES & EXECUTIVE NOMINATIONS Committee Vote - Senate Bill 772 PN1127, Re-Reported as Committed - opens in a new tab
Senate RULES & EXECUTIVE NOMINATIONS Committee Vote - Senate Bill 772 PN1127, Re-Reported as Committed - opens in a new tab
| 200 0 - opens in a new tab |
Tuesday, November 9, 2021 - House Floor Vote
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| 37 0 - opens in a new tab |
Tuesday, November 9, 2021 - House APPROPRIATIONS Committee Vote
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| 25 0 - opens in a new tab |
Monday, October 4, 2021 - House INSURANCE Committee Vote
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| 25 0 - opens in a new tab |
Monday, October 4, 2021 - House INSURANCE Committee Vote
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| 25 0 - opens in a new tab |
Monday, October 4, 2021 - House INSURANCE Committee Vote
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| 50 0 - opens in a new tab |
Friday, June 25, 2021 - Senate Floor Vote
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| 24 0 - opens in a new tab |
Thursday, June 24, 2021 - Senate APPROPRIATIONS Committee Vote
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| 14 0 - opens in a new tab |
Wednesday, June 23, 2021 - Senate BANKING & INSURANCE Committee Vote
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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.
Sen. Steven Santarsiero
D Senate District 10
Sen. Kristin Phillips-Hill
R Senate District 28
Only the first 5 bills are included here. Looking for more?
View all legislation amending the act of
May 17, 1921 (P.L.0682, No.0284), known as the "Insurance Company Law Of 1921, The"
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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