Legislature(2005 - 2006)
2005-05-01 Senate Journal
Full Journal pdf2005-05-01 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.