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Minutes for SB78 - Committee on Insurance and Pensions
Short Title
Updating certain statutes relating to the regulation of the business of insurance; granting the commissioner of insurance certain investigative powers.
Minutes Content for Mon, Mar 22, 2021
Chairperson Johnson asked Eileen Ma, Assistant Revisor with the Office of Revisor of Statutes, to provide an overview of the bill and the proposed balloon amendment. The Revisor responded to Committee questions, and explained that this bill was basically the same as HB2136 with a couple words changed. The Revisor also advised that the bill needed a a technical amendment to correct the title of the bill. (Attachment 2)
Vice Chairperson Croft made a motion, Representative Neighbor seconded, to pass favorably SB78, with the minor technical amendment described. Motion carried.
Representative Neighbor recommended, Representative Dodson seconded, a motion to insert all of the language from SB28 into SB78. Motion passed with a voice vote of 15-1. Representative Rhiley voted No and stated that generally, he is not in favor of moving bills.
Representative Neighbor recommended, Representative Dodson seconded, a motion to approve the new amendment to SB78. The motion passed.
Representative Neighbor moved, Representative Dodson seconded, a motion to pass favorably SB78 as amended. The motion passed.
