Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Section 132F of chapter 175 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by striking out the fifth paragraph.

SECTION 2. The third paragraph of section 132G of said chapter 175, as so appearing, is hereby amended by striking out the first sentence.

SECTION 3. The first paragraph of section 132H of said chapter 175, as so appearing, is hereby amended by striking out the fourth sentence and inserting in place thereof the following sentence:- The provisions of section sixty-six placing limitations on the percentage of the capital stock, certificates of participation or shares of any one corporation, association or trust which a life company shall invest in, acquire or hold, shall not be applicable to purchases for any such separate account.