2015-04-18                     Senate Journal                      Page 1103
SB 107                                                                                                                        
Senator Costello gave notice of reconsideration on SENATE BILL                                                                  
NO. 107 and moved and asked unanimous consent that it be taken up.                                                              
Without objection, it was so ordered and the bill was before the Senate                                                         
on reconsideration.                                                                                                             
                                                                                                                                
The question to be reconsidered: "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                                                         

2015-04-18                     Senate Journal                      Page 1104
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" pass                                                      
the Senate?" The roll was taken with the following result:                                                                      
                                                                                                                                
SB 107                                                                                                                          
Third Reading - On Reconsideration                                                                                              
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 on reconsideration.                                                               
                                                                                                                                
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 and the bill was referred                                                          
to the Secretary for engrossment.