2015-04-17                     Senate Journal                      Page 1063
SB 107                                                                                                                        
The Labor and Commerce Committee considered 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 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                                                        
                                                                                                                                
                                                                                                                                

2015-04-17                     Senate Journal                      Page 1064
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." Signing do pass: Senator                                                        
Costello, Chair; Senators Giessel, Meyer. Signing no recommendation:                                                            
Senator Stevens.                                                                                                                
                                                                                                                                
The following fiscal information was published today:                                                                           
             Fiscal Note No. 1, zero, Department of Commerce, Community                                                        
      and Economic Development                                                                                                  
                                                                                                                                
The bill was referred to the Rules Committee.