Legislature(2015 - 2016)
2015-03-30 House JournalFull Journal pdf
2015-03-30 House Journal Page 0622 HB 164 The following was read the second time: HOUSE BILL NO. 164 "An Act relating to insurance; relating to risk based capital for domestic insurers and fraternal benefit societies, including provisions related to insurers subject to risk based capital and action level event requirements; relating to review by the director of insurance of an insurer's risk based capital plan; relating to confidentiality and sharing of certain information submitted to the director of insurance for evaluating insurance holding companies, risk based capital, risk management, and own risk and solvency assessments; clarifying provisions related to risk based capital plans; relating to exemptions by the director of insurance for certain domestic and casualty insurers from risk based capital requirements; relating to insurance holding companies, including filing requirements, divestiture, content of statements, and hearings; relating to registration requirements; relating to transactions within an insurance holding company system or transactions involving a domestic insurer; relating to management and examination of domestic insurers that are part of an insurance holding company system; adding provisions relating to participation by the director of insurance in a supervisory college; relating to civil and criminal penalties for violations of provisions related to insurance holding companies; relating to provisions for risk management and own risk and solvency assessments; relating to operating requirements for controlling insurance producers; 2015-03-30 House Journal Page 0623 relating to producer-controlled insurers; adding and amending definitions related to insurers; and providing for an effective date." with the: Journal Page L&C RPT 6DP 1NR 595 FN1: ZERO(CED) 596 Representative Millett moved and asked unanimous consent that HB 164 be considered engrossed, advanced to third reading, and placed on final passage. There was objection. HB 164 will advance to third reading on tomorrow's calendar.