2005-05-06                     Senate Journal                      Page 1405
HB 147                                                                                            
The Finance Committee considered CS FOR HOUSE BILL NO.                                              
147(FIN) am "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 receive annual reports from companies; reducing                               
the period for filing a quarterly financial statement; and providing for                            
an effective date" and recommended it be replaced with                                              
                                                                                                    
                     SENATE CS FOR CS FOR HOUSE BILL NO.                                           
          147(FIN)                                                                                  
                                                                                                    
Signing do pass: Senators Wilken, Green, Cochairs. Signing no                                       
recommendation: Senators Hoffman, Olson, Dyson, Stedman.                                            
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 3, Department of Commerce, Community and                                           
       Economic Development                                                                         
                                                                                                    
The bill was referred to the Rules Committee.