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ACROSS SESSIONS

• Subject Index: Since 1995
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1995 SESSION

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SB 750 Regulation of insurers.

Introduced by: Richard J. Holland | all patrons    ...    notes | add to my profiles

SUMMARY:

Regulation of insurers. Authorizes the State Corporation Commission to require that a domestic insurer, health services plan, health maintenance organization or legal services plan maintain its principal place of business and its books and records within the geographic limits of the Commonwealth. The bill also amends the definition of “control,” concerning insurance holding companies, to clarify that the relationship between a reciprocal insurer and its designated attorney-in-fact (other than those for reciprocals chartered prior to January 1, 1995) is one of control and, therefore, is presumed to be subject to regulatory oversight as an insurance company holding system. Finally, the bill requires that an insurer which is a member of an insurance company holding system must disclose in its registration statement all cost-sharing and cost allocation arrangements.

FULL TEXT

• 01/13/95  Senate: Presented & ordered printed LD0668681  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/13/95  Senate: Presented & ordered printed LD0668681
• 01/13/95  Senate: Referred to Committee on Commerce and Labor
• 01/30/95  Senate: Reported from C. & L. with amendment (10-Y 4-N)
• 01/31/95  Senate: Constitutional reading dispensed (39-Y 0-N)
• 01/31/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/01/95  Senate: Read second time
• 02/01/95  Senate: Reading of amendment waived
• 02/01/95  Senate: Committee amendment agreed to
• 02/01/95  Senate: Passed by for the day
• 02/02/95  Senate: Passed by for the day
• 02/02/95  Senate: Reconsideration of passed by for the day (40-Y 0-N)
• 02/02/95  Senate: VOTE: RECONSIDER (40-Y 0-N)
• 02/02/95  Senate: Passed by for the day
• 02/03/95  Senate: Passed by for the day
• 02/06/95  Senate: Read second time
• 02/06/95  Senate: Engrossed by Senate as amended
• 02/06/95  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/06/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/06/95  Senate: Defeated by Senate (13-Y 25-N)
• 02/06/95  Senate: VOTE: PASSAGE (13-Y 25-N)