Legislative Session number- 84

Bill Name: HF2805

hf 2805

THIRD ENGROSSMENT

Insurance regulation modernized, mutual holding
company laws amended, interstate insurance product regulation compact enacted,
and other changes provided.

ARTICLE 1 -- MUTUAL HOLDING COMPANY
CHANGES

Section 1: Related term definitions modified.
Sec. 2: Mutual
insurance holding company regulation formation policies modified.
Sec. 3:
Commissioner approval of reorganization plan requirements clarified.
Sec. 4:
Conversion provided.
Sec. 5-6: Technical changes.
Sec. 7: Life insurance
company member regulations clarified.
Sec. 8: Effective date.

ARTICLE 2 --
INTERSTATE INSURANCE PRODUCT REGULATION COMPACT
Section 1: Compact enacted and
provided.
Sec. 2: Consultation and reporting.

ARTICLE 3 -- MISCELLANEOUS
INSURANCE REGULATORY CHANGES
Sections 1-5: Miscellaneous and technical changes.


AME
3/31/05