Legislature(2005 - 2006)

2005-05-08 Senate Journal

Full Journal pdf

2005-05-08                     Senate Journal                      Page 1473
HB 147                                                                                            
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" was read the second time.                                                        
                                                                                                    
Senator Green, Cochair, moved and asked unanimous consent for the                                   
adoption of the Finance Senate Committee Substitute offered on page                                 
1405. Senator Ellis objected.                                                                       
                                                                                                    
The question being: "Shall the Finance Senate Committee Substitute                                  
be adopted?" The roll was taken with the following result:                                          
                                                                                                    
                                                                                                    
                                                                                                    
                                                                                                    
                                                                                                    

2005-05-08                     Senate Journal                      Page 1474
CSHB 147(FIN) am                                                                                    
Second Reading                                                                                      
Adopt Finance Senate Committee Substitute?                                                          
                                                                                                    
YEAS:  11   NAYS:  8   EXCUSED:  1   ABSENT:  0                                                   
                                                                                                    
Yeas:  Cowdery, Dyson, Green, Huggins, Seekins, Stedman, Stevens                                    
B, Stevens G, Therriault, Wagoner, Wilken                                                           
                                                                                                    
Nays:  Davis, Ellis, Elton, French, Guess, Hoffman, Kookesh, Olson                                  
                                                                                                    
Excused:  Bunde                                                                                     
                                                                                                    
and so, the Finance Senate Committee Substitute was adopted.                                        
                                                                                                    
President Stevens stated SENATE CS FOR CS FOR HOUSE BILL                                            
NO. 147(FIN) will be on the May 9 calendar.