04/20/1994 05:00 PM House STA

  HCSCSSB 342 - RISK BASED CAPITAL FOR INSURERS                                
                                                                               
  CHAIRMAN VEZEY opened discussion on HCSCSSB 342.  He stated                  
  HCSCSSB 342 had been heard twice before.  He has been                        
  waiting for information from the industry to come in,                        
  however, he received very little.  He assumed the industry                   
  was neutral.  He noted the formula which HCSCSSB 342 deals                   
  with is complex.                                                             
                                                                               
  REPRESENTATIVE HARLEY OLBERG moved to pass HCSCSSB 342(STA),                 
  version J, from committee with individual recommendations.                   
                                                                               
  (REPRESENTATIVE ULMER joined the meeting at 5:07 p.m.)                       
                                                                               
  CHAIRMAN VEZEY asked the committee secretary to call the                     
  roll.                                                                        
                                                                               
  IN FAVOR:      REPRESENTATIVES VEZEY, G. DAVIS, OLBERG,                      
                 ULMER.                                                        
  OPPOSED:       REPRESENTATIVES KOTT, SANDERS.                                
  ABSENT:        REPRESENTATIVE B. DAVIS.                                      
                                                                               
  MOTION PASSED