Spiros Mantzavinos
- Democratic
- Senator
- District 7
Primary
Section 1 of this bill adds additional financial reporting requirements for authorized insurers, which codifies current practices in accordance with the NAIC’s accounting practices and procedures manual and which was recommended by the NAIC as part of its most recent and ongoing accreditation review of the Department. Section 2 of this bill repeals Section 526A because the Department has determined that the circumstances that originally resulted in the enactment of Section 526A are no longer present in today’s market and, therefore, the additional reporting requirement is not necessary. Sections 3 and 4 of this bill make technical corrections recommended by the NAIC.
Signed by Governor
Passed By House. Votes: 39 YES 2 ABSENT
Suspension of Rules in House
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 7 On Its Merits
Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
Passed By Senate. Votes: 21 YES
Amendment SA 1 to SB 175 - Passed By Senate. Votes: 20 YES 1 ABSENT
Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits
Amendment SA 1 to SB 175 - Introduced and Placed With Bill
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
| Bill Text Versions | Format |
|---|---|
| Bill Text | PDF HTML |
| SA 1 to SB 175 | HTML PDF |
| Document | Format |
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| No related documents. |
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