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House Bill 1627


House Bill 1627

ARCHIVE (2009)

Latest Information

 

DIGEST OF HB1627 (Updated April 15, 2009 2:17 pm - DI 84)


Insurance matters. Makes various changes to the law concerning: (1) public purchasing with respect to retaining an insurance examiner; (2) disclosures of insurer information; (3) insurer annual audited financial reporting; (4) foreign and alien insurers; (5) records of insurer securities holdings; (6) insurance producer licensing and continuing education; (7) certain insurance holding company transactions; (8) insurance administrator licensing; (9) an unauthorized insurers exception in relation to an industrial insured; (10) consistency in compliance with laws by various types of insurers and health maintenance organizations.; and (11) small employer group insurance requirements. Makes conforming amendments. Repeals: (1) definitions of unused terms, requirements for independent auditors, and reports of insurer internal control deficiencies for purposes of the annual audited financial reporting law; (2) a provision concerning notice of claim recoding by insurance administrators; (3) an obsolete cross reference for purposes of the small employer group insurance law; and (4) the small employer insurer voluntary reinsurance program.
Current Status:
 In Conference Committee
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