04/02/2004 09:05 AM Senate FIN

CS FOR SENATE BILL NO. 357(L&C)                                                                                               
                                                                                                                                
     "An  Act relating  to the  regulation of  insurance,  insurance                                                            
     licenses,   qualifications  of  insurance  producers,   surplus                                                            
     lines,  fraud  investigations,  electronic   transactions,  and                                                            
     compliance  with  federal   law  and national   standards;  and                                                            
     providing for an effective date."                                                                                          
                                                                                                                                
This was the third hearing for this bill in the Senate Finance                                                                  
Committee.                                                                                                                      
                                                                                                                                
Co-Chair Wilken stated this bill "contains numerous changes to                                                                  
ensure that State statutes are consistent with federal law model                                                                
acts, standards, and guidelines."                                                                                               
                                                                                                                                
Co-Chair Wilken  offered a motion  to report CS SB 357, 23-LS1684\H                                                             
from  Committee,  as amended,  with  accompanying  fiscal  note  and                                                            
individual recommendations.                                                                                                     
                                                                                                                                
There was  no objection  and CS  SB 357 (L&C)  MOVED from  Committee                                                            
with  zero fiscal  note  #1 from  the Department  of  Community  and                                                            
Economic Development.                                                                                                           
                                                                                                                                
Co-Chair Green chaired the next portion of the meeting.