Legislature(2005 - 2006)

2005-05-10 Senate Journal

Full Journal pdf

2005-05-10                     Senate Journal                      Page 1601
HB 147                                                                                            
SENATE CS FOR CS FOR HOUSE BILL NO. 147(FIN) "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                            

2005-05-10                     Senate Journal                      Page 1602
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 engrossed, signed by the President and                                       
Secretary and returned to the House for consideration.