AB538

AB538 AB538
Assembly
Record of Committee Proceedings

Committee on Insurance

Assembly Bill 538
Relating to: minimum standards for life insurance policies in which the proceeds are assigned to funeral directors or funeral establishment operators.
By Representatives F. Lasee, La Fave, Musser, Ryba, Pettis, Wasserman, Hoven, Underheim, Albers and Grothman; cosponsored by Senators Breske, Shibilski and Rude.

October 14, 1999 Referred to committee on Insurance.

October 21, 1999 PUBLIC HEARING HELD

Present: (11) Representatives F. Lasee, Klusman, Underheim, Kreibich, Pettis, Wieckert, Skindrud, Cullen, Plale, Wasserman and Ziegelbauer.
Absent: (1) Representative Morris-Tatum.

Appearances for
· Representative Frank Lasee
· Mark Willoughby, Forethought Life Insurance Co., American Memorial Life, Homesteaders Life.
· Christine Jacob, Krause Funeral Home
· Mark Krause, Funeral Service Alliance of Wisconsin
· Bill Cress, Cress Funeral Service
· Ron Kuehn, Independent Insurance Agents of Wisconsin, Wisconsin Association of Life Underwriters, Professional Insurance Agents of Wisconsin
· Jim Tunita, Wisconsin Association of Life and Health Insurers
· Ed Patschke, National Guardian Life Insurance
· Mark Solverud, National Guardian Life Insurance

Appearances against
· None.

Appearances for Information Only
· Connie O'Connell Office of the Commissioner of Insurance
· Guenther Ruch, Office of the Commissioner of Insurance

Registrations for
· Janet Vick, Schmitzler-Vick Funeral Home
· Kerry A. Halloran, Monumental Life Insurance Co.
· Ashley Moore, Funeral Service Alliance of Wisconsin
· Kenneth L. Schmidt, Schmidt Funeral Home, Funeral Service Alliance of Wisconsin
· Mark Aaroen, Funeral Service Alliance of Wisconsin
· Patrick Essie, Funeral Service Alliance of Wisconsin
· Senator Brian Burke
· Paul F. Baumgarther
· David Welsh
· Peggy Kronberg, Pfeffer Funeral Home
· Steve Schmidt, Schmidt and Bartelt
· Pete Christianson, Service Corporation International
· Jan Koenig, Cornerstone Management Systems/Fortis

Registrations against
· None.
Registrations neither for nor against
. Jacquelynn Rothstein, Wisconsin Funeral Directors Examination Board

October 27, 1999 EXECUTIVE SESSION

Present: (11) Representatives F. Lasee, Klusman, Underheim, Kreibich, Pettis, Wieckert, Skindrud, Morris-Tatum, Plale, Wasserman and Ziegelbauer.
Absent: (1) Representative Cullen.

Moved by Representative Klusman, seconded by Representative Underheim, that Assembly Amendment 1 to Assembly Bill 538 be recommended for introduction and adoption.

Ayes: (11) Representatives F. Lasee, Klusman, Underheim, Kreibich, Pettis, Wieckert, Skindrud, Morris-Tatum, Plale, Wasserman and Ziegelbauer.
Noes: (0) None.
Absent: (1) Representative Cullen.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 11, Noes 0, Absent 1
Representative Cullen said that he would have voted aye if he had been present.


Moved by Representative Klusman, seconded by Representative Plale, that Assembly Bill 538 be recommended for passage as amended.

Ayes: (11) Representatives F. Lasee, Klusman, Underheim, Kreibich, Pettis, Wieckert, Skindrud, Morris-Tatum, Plale, Wasserman and Ziegelbauer.
Noes: (0) None.
Absent: (1) Representative Cullen.
Representative Cullen said that he would have voted aye if he had been present.

PASSAGE AS AMENDED RECOMMENDED, Ayes 11, Noes 0, Absent 1





Mark Wadium
Committee Clerk