INSURANCE DEPARTMENT: Provides relative to bank-owned life insurance. (8/1/26)
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “INSURANCE DEPARTMENT: Provides relative to bank-owned life insurance. (8/1/26)” Read the full text
Official title shown verbatim from the official record. Plain-language summary coming as coverage deepens. Not legal advice.
2026 Regular Session
Where it is
Show all 19 actions
Rules suspended. Introduced in the Senate. Read by title and placed on the Calendar for a second reading. · Mar 31, 2026
Senate
Read second time by title and referred to the Committee on Insurance. · Apr 1, 2026
Senate
Reported favorably. · Apr 22, 2026
Senate
Read by title. Ordered engrossed and passed to third reading and final passage. · Apr 27, 2026
Senate
Senate floor amendments read and adopted. Read by title and passed by a vote of 36 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled. · May 5, 2026
Senate
Received in the House from the Senate, read by title, lies over under the rules. · May 6, 2026
House
Read by title, under the rules, referred to the Committee on Insurance. · May 7, 2026
House
Reported with amendments (7-4). Referred to the Legislative Bureau. · May 19, 2026
House
Reported without Legislative Bureau amendments. · May 20, 2026
House
Read by title, amended, passed to 3rd reading. · May 25, 2026
House
Scheduled for floor debate on 05/26/2026. · May 25, 2026
House
Read third time by title, amended, roll called on final passage, yeas 65, nays 30. Finally passed, ordered to the Senate. · May 26, 2026
House
Received from the House with amendments. · May 26, 2026
Senate
Amendments proposed by the House read and concurred in by a vote of 30 yeas and 5 nays. · May 27, 2026
Senate
Enrolled. Signed by the President of the Senate. · May 28, 2026
Senate
Signed by the Speaker of the House. · May 29, 2026
House
Sent to the Governor by the Secretary of the Senate. · May 29, 2026
Senate
Signed by the Governor. Becomes Act No. 588. · Jun 1, 2026
Senate
Effective date 8/1/2026. · Jun 1, 2026
Senate
The numbers
1
sponsor on the bill
Sponsors
Heather Cloud
Every fact on this page links to its source, starting with the official bill record. Last action: Effective date 8/1/2026. (Jun 1, 2026).