Legislature(2015 - 2016)

2015-03-30 House Journal

Full 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.