IN HB1486 | 2011 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on May 16 2011 - 100% progression
Action: 2011-05-16 - SECTIONS 28 through 47 effective 07/01/2011
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on May 16 2011 - 100% progression
Action: 2011-05-16 - SECTIONS 28 through 47 effective 07/01/2011
Text: Latest bill text (Enrolled) [HTML]
Summary
Makes various changes to the law concerning retention of an examiner by the department of insurance, annual audited financial reporting, insurance producer education and licensing, insurer investments, holding company system transactions, insurance administrator licensing fees, risk based capital, credit for reinsurance with reduced collateral, requirements applying to certain domestic insurers and health maintenance organizations, small employer health insurance plans. Adds a law providing for limited purpose subsidiary life insurance companies. Adds a law providing for independent adjuster licensing. Defines "industrial insured" for purposes of certain insurer transactions exempt from licensure requirements. Adds a provision concerning treatment of certain agreements in the event of insurer rehabilitation. Amends a provision concerning the conversion of a mutual insurance holding company into a stock company to replace a reference to the former statute on the demutualization of mutual insurance companies with a reference to the current statute on the demutualization of mutual insurance companies. Defines "working capital" for purposes of the law regulating professional employer organizations (PEOs). Amends the current law applying to PEOs with respect to registration and financial requirements and unemployment compensation status. Repeals provisions concerning notice of insurance administrator claim recoding and concerning individual policies in the small employer group health insurance law. Makes conforming amendments.
Title
Insurance matters.
Sponsors
Roll Calls
2011-03-29 - Senate - Senate - Third reading: passed (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
2011-02-15 - House - House - Third reading: passed (Y: 82 N: 12 NV: 1 Abs: 5) [PASS]
2011-02-15 - House - House - Third reading: passed (Y: 82 N: 12 NV: 1 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2011-05-16 | SECTIONS 28 through 47 effective 07/01/2011 | |
| 2011-05-16 | SECTIONS 26 through 27 effective 04/06/2011 | |
| 2011-05-16 | SECTIONS 8 through 25 effective 07/01/2011 | |
| 2011-05-16 | SECTION 7 effective 04/06/2011 | |
| 2011-05-16 | SECTIONS 2 through 6 effective 07/01/2011 | |
| 2011-05-16 | SECTION 1 effective 04/06/2011 | |
| 2011-05-16 | Public Law 11 | |
| 2011-04-06 | Signed by the Governor | |
| 2011-04-04 | Signed by the President of the Senate | |
| 2011-03-31 | Signed by the President Pro Tempore | |
| 2011-03-30 | Signed by the Speaker | |
| 2011-03-29 | Returned to the House without amendments | |
| 2011-03-29 | Third reading: passed; Roll Call 294: yeas 50 and nays 0 | |
| 2011-03-24 | Second reading: ordered engrossed | |
| 2011-03-22 | Senators Mrvan and Simpson added as cosponsors | |
| 2011-03-22 | Committee report: do pass, adopted | |
| 2011-02-17 | First reading: referred to Committee on Insurance and Financial Institutions | |
| 2011-02-15 | Senate sponsors: Senators Paul and Holdman | |
| 2011-02-15 | Referred to the Senate | |
| 2011-02-15 | Third reading: passed; Roll Call 183: yeas 82, nays 12 | |
| 2011-02-14 | Amendment 1 (Lehman), prevailed; voice vote | |
| 2011-02-14 | Second reading: amended, ordered engrossed | |
| 2011-02-10 | Representative GiaQuinta added as coauthor | |
| 2011-02-10 | Committee report: amend do pass, adopted | |
| 2011-01-25 | Representative C. Fry added as coauthor | |
| 2011-01-20 | First reading: referred to Committee on Insurance | |
| 2011-01-20 | Authored by Representative Lehman |
