2015-04-19                     House Journal                      Page 1076
SB 107                                                                                                                        
The following was read the second time:                                                                                         
                                                                                                                                
    SENATE BILL NO. 107                                                                                                         
    "An Act relating to insurance; relating to risk based capital for                                                           
    domestic insurers and fraternal benefit societies, including                                                                
    provisions related to insurers subject to risk based capital and                                                            
    action level event requirements; relating to review by the director                                                         
    of insurance of an insurer's risk based capital plan; relating to                                                           
    confidentiality and sharing of certain information submitted to the                                                         
    director of insurance; relating to evaluating an insurance holding                                                          
    company and the acquisition of control of or merger with a                                                                  
    domestic insurer; relating to risk based capital, risk management,                                                          
    and own risk and solvency assessments of insurers; clarifying                                                               
    provisions related to risk based capital plans; relating to                                                                 
    exemptions by the director of insurance for certain domestic and                                                            
    casualty insurers from risk based capital requirements; relating to                                                         
    insurance holding companies, including filing requirements,                                                                 

2015-04-19                     House Journal                      Page 1077
    divestiture, content of statements, notifications, and hearings;                                                            
    relating to registration requirements of insurers; relating to                                                              
    transactions within an insurance holding company system or                                                                  
    transactions involving a domestic insurer; relating to management                                                           
    and examination of domestic insurers that are part of an insurance                                                          
    holding company system; adding provisions relating to                                                                       
    participation by the director of insurance in a supervisory college;                                                        
    relating to civil and criminal penalties for violations by insurers                                                         
    and individuals; relating to provisions for risk management and                                                             
    own risk and solvency assessments by insurers; relating to                                                                  
    operating requirements for controlling insurance producers;                                                                 
    relating to producer-controlled insurers; adding and amending                                                               
    definitions related to insurers; and providing for an effective date."                                                      
                                                                                                                                
with the:                                                  Journal Page                                                         
                                                                                                                                
 L&C RPT 1DP 5NR                                                   1046                                                         
 FN1: ZERO(CED)                                                    1047                                                         
                                                                                                                                
Representative Millett moved and asked unanimous consent that                                                                   
SB 107 be considered engrossed, advanced to third reading, and                                                                  
placed on final passage.  There being no objection, it was so ordered.                                                          
                                                                                                                                
SB 107 was read the third time.                                                                                                 
                                                                                                                                
The question being:  "Shall SB 107 pass the House?"  The roll was                                                               
taken with the following result:                                                                                                
                                                                                                                                
SB 107                                                                                                                          
Third Reading                                                                                                                   
Final Passage                                                                                                                   
                                                                                                                                
YEAS:  38   NAYS:  0   EXCUSED:  1   ABSENT:  1                                                                               
                                                                                                                                
Yeas:  Chenault, Claman, Colver, Drummond, Edgmon, Foster, Gattis,                                                              
Gruenberg, Guttenberg, Hawker, Herron, Hughes, Johnson,                                                                         
Josephson, Kawasaki, Keller, Kito, Kreiss-Tomkins, LeDoux, Lynn,                                                                
Millett, Munoz, Nageak, Neuman, Olson, Ortiz, Pruitt, Reinbold,                                                                 
Saddler, Seaton, Stutes, Talerico, Tarr, Thompson, Tilton, Vazquez,                                                             
Wilson, Wool                                                                                                                    
                                                                                                                                
Excused:  Tuck                                                                                                                  
                                                                                                                                

2015-04-19                     House Journal                      Page 1078
Absent:  Gara                                                                                                                   
                                                                                                                                
And so, SB 107 passed the House.                                                                                                
                                                                                                                                
Representative Millett moved and asked unanimous consent that the                                                               
roll call on the passage of the bill be considered the roll call on the                                                         
effective date clause.  There being no objection, it was so ordered.                                                            
                                                                                                                                
SB 107 was signed by the Speaker and Chief Clerk and returned to the                                                            
Senate.