Legislature(2005 - 2006)

2005-04-29 Senate Journal

Full Journal pdf

2005-04-29                     Senate Journal                      Page 1211
HB 216                                                                                            
The Labor and Commerce Committee considered CS FOR HOUSE                                            
BILL NO. 216(L&C)(title am) "An Act relating to policy forms and                                    
rates that require filing; requiring the filing of certain rates, rating                            
schedules, loss cost adjustments, and rating plans with the director of                             
the division of insurance; establishing a procedure for the director of                             
the division of insurance to obtain additional supporting information                               
from an insurer for a filing; relating to an application for a rate other                           
than that in an applicable rate filing; requiring prior approval for                                
certain rating systems and the procedure for approving a filing;                                    
providing for the issuance of orders relating to nonconforming filings                              
after a hearing; relating to the regulation of joint underwriting and                               
joint reinsurance; relating to flex rating; relating to file and use, filing                        
of rates, supplementary rate information, and supporting information;                               
authorizing the director of the division of insurance to require prior                              
approval; relating to form filing subject to prior approval and form                                
filing subject to file and use; and providing for penalties relating to file                        
and use." Signing do pass: Senator Seekins, Chair; Senator Ben                                      
Stevens. Signing no recommendation: Senators Ellis, Davis.                                          
The following previously published fiscal information applies:                                      
 Fiscal Note No. 1, zero, Department of Commerce, Community                                         
       and Economic Development                                                                     
President Stevens removed the Finance Committee referral on the bill.                               
The bill was referred to the Rules Committee.