H1962B2896A07556 DMS:NLG 10/05/20 #90 A07556
AMENDMENTS TO HOUSE BILL NO. 1962
Sponsor: SENATOR HUTCHINSON
Printer's No. 2896
Amend Bill, page 1, line 13, by striking out "actuary" and
inserting
board
Amend Bill, page 1, line 14, by striking out "the board
shall"
Amend Bill, page 1, line 18, by inserting after "analysis."
The board shall disclose in the report of the stress test
results which industry standards were used and whether any
changes to industry standards have been made.
Amend Bill, page 2, lines 14 through 30; page 3, lines 1
through 8; by striking out "for each of the next:" in line 14,
all of lines 15 through 30 on page 2 and all of lines 1 through
8 on page 3 and inserting
in sufficient number as determined prudent by the
board as informed by recognized industry standards.
Amend Bill, page 3, line 11, by striking out "an" and
inserting
various
Amend Bill, page 3, lines 12 through 19, by striking out
"assumption that is:" in line 12 and all of lines 13 through 19
and inserting
assumptions in sufficient number as determined
prudent by the board as informed by recognized industry
standards.
Amend Bill, page 3, lines 21 through 29, by striking out "an
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annual" in line 21 and all of lines 22 through 29 and inserting
various annual assumed rates of return in sufficient
number as determined prudent by the board as informed by
recognized industry standards.
Amend Bill, page 4, line 4, by striking out "by the actuary"
and inserting
prudent by the board as informed by recognized industry
standards
Amend Bill, page 4, line 7, by striking out "actuary" and
inserting
board
Amend Bill, page 4, line 8, by striking out "the board shall"
Amend Bill, page 4, line 12, by inserting after "analysis."
The board shall disclose in the report of the stress test
results which industry standards were used and whether any
changes to industry standards have been made.
Amend Bill, page 4, lines 27 through 30; page 5, lines 1
through 22; by striking out "for each of the next:" in line 27,
all of lines 28 through 30 on page 4 and all of lines 1 through
22 on page 5 and inserting
in sufficient number as determined prudent by the
board as informed by recognized industry standards.
Amend Bill, page 5, line 25, by striking out "an" and
inserting
various
Amend Bill, page 5, lines 26 through 30; page 6, lines 1
through 3; by striking out "assumption that is:" in line 26, all
of lines 27 through 30 on page 5 and all of lines 1 through 3 on
page 6 and inserting
assumptions in sufficient number as determined
prudent by the board as informed by recognized industry
standards.
Amend Bill, page 6, line 5, by striking out "an" and
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inserting
various
Amend Bill, page 6, line 6, by striking out "rate" and
inserting
rates
Amend Bill, page 6, lines 6 through 13, by striking out "that
is:" in line 6 and all of lines 7 through 13 and inserting
in sufficient number as determined prudent by the
board as informed by recognized industry standards.
Amend Bill, page 6, line 18, by striking out "by the actuary"
and inserting
prudent by the board as informed by recognized industry
standards
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See A07556 in
the context
of HB1962