Legislature(2015 - 2016)
2015-03-31 House Journal
Full Journal pdf2015-03-31 House Journal Page 0648 HB 164 The Speaker stated that, without objection, the following, which was advanced to third reading from the March 30, 2015, calendar (page 623), would be returned to the Rules Committee: 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; 2015-03-31 House Journal Page 0649 relating to producer-controlled insurers; adding and amending definitions related to insurers; and providing for an effective date."