2005-05-01                     Senate Journal                      Page 1230
HB 147                                                                                            
CS FOR HOUSE BILL NO. 147(FIN) am BY THE HOUSE                                                      
FINANCE COMMITTEE, entitled:                                                                        
                                                                                                    
     "An Act relating to notice of suspension or revocation of an                                   
     insurer's certificate of authority and the effect of the                                       
     suspension or revocation upon the authority of agents and                                      
     managing general agents of the insurer; relating to certain                                    
     deposits under AS 21; relating to the yielding of assets and                                   
     securities held on deposit; relating to third-party                                            
     administrators under AS 21; relating to insurance agents,                                      
     managing general agents, reinsurance intermediary managers,                                    
     and insurance producers; requiring the director of insurance                                   
     to notify a licensee of a license renewal before the renewal                                   
     date; defining the term 'appointment' as used in part of AS 21;                                
     relating to the eligibility to provide coverage by a                                           
     nonadmitted insurer and alien insurer; relating to surplus lines                               
     insurance and brokers; relating to misrepresentations and                                      
     false advertising concerning insurance; relating to health                                     
     discount plans; providing for limitations on owner controlled                                  
     and contractor controlled insurance programs and limiting the                                  
     coverage of those programs; prohibiting excessive,                                             
     inadequate, or unfairly discriminatory rate charges for health                                 
     insurance; defining the term 'plan administrator' as used in                                   
     part of AS 21; defining the term 'transact' as used in AS 21;                                  
       authorizing  the  director of insurance to designate a person to                            
                                                                                                    

2005-05-01                     Senate Journal                      Page 1231
          receive annual reports from companies; reducing the period                               
       for filing a quarterly financial statement; and providing for an                            
     effective date."                                                                               
                                                                                                    
was read the first time and referred to the Finance Committee.