2015-04-11                     Senate Journal                      Page 0927
SB 107                                                                                                                        
SENATE BILL NO. 107 BY THE SENATE LABOR AND                                                                                     
COMMERCE COMMITTEE, entitled:                                                                                                   
                                                                                                                                
      "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                                                            

2015-04-11                     Senate Journal                      Page 0928
      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, 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."                                                                                                       
                                                                                                                                
was read the first time and referred to the Labor and Commerce                                                                  
Committee.