2015-04-18                     Senate Journal                      Page 1099
SB 107                                                                                                                        
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                                                          

2015-04-18                     Senate Journal                      Page 1100
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 second                                                              
time.                                                                                                                           
                                                                                                                                
Senator Coghill moved and asked unanimous consent that the bill be                                                              
considered engrossed, advanced to third reading and placed on final                                                             
passage. Without objection, it was so ordered.                                                                                  
                                                                                                                                
SENATE BILL NO. 107 was read the third time.                                                                                    
                                                                                                                                
The question being: "Shall 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,                                                                     
divestiture, content of statements, notifications, and hearings; relating                                                       

2015-04-18                     Senate Journal                      Page 1101
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" pass                                                      
the Senate?" The roll was taken with the following result:                                                                      
                                                                                                                                
SB 107                                                                                                                          
Third Reading - Final Passage                                                                                                   
Effective Date                                                                                                                  
                                                                                                                                
YEAS:  20   NAYS:  0   EXCUSED:  0   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Dunleavy, Egan, Ellis, Gardner,                                                               
Giessel, Hoffman, Huggins, Kelly, MacKinnon, McGuire, Meyer,                                                                    
Micciche, Olson, Stedman, Stevens, Stoltze, Wielechowski                                                                        
                                                                                                                                
and so, SENATE BILL NO. 107 passed the Senate.                                                                                  
                                                                                                                                
Senator Coghill moved and asked unanimous consent that the vote on                                                              
the passage of the bill be considered the vote on the effective date                                                            
clause. Without objection, it was so ordered.