SB375

SB375 SB375
Senate
Record of Committee Proceedings

Committee on Insurance, Tourism, and Transportation
Senate Bill 375
Relating to: miscellaneous changes to the insurance laws related to the confidentiality of personal information obtained in the course of administering a state insurance fund, the statute of limitations for bringing an action against the patients compensation fund, the applicability of a timeliness requirement for the payment of insurance claims for chiropractic services, an exception from a requirement to obtain consent to incorporate certain publications by reference in administrative rules, the type of property for which the loss amount is the insurance limits, the renewal date for viatical settlement brokers' licenses, eliminating the requirement to keep a separate account for surplus lines taxes, issuance of temporary licenses for intermediaries, specifying by rule the amount of stop-loss reinsurance that a town mutual must obtain, standards related to assisting unauthorized insurers, and defining extraordinary dividends for life insurers; and granting rule-making authority.
By Senator Breske; cosponsored by Representative Montgomery.

January 11, 2002 Referred to Committee on Insurance, Tourism, and Transportation.

January 9, 2002 PUBLIC HEARING HELD

Present: (4) Senators Breske, Grobschmidt, A. Lasee and Schultz.

Absent: (1) Senator Baumgart.

Appearances for
· Senator Roger Breske, Author
· Eileen Mallow, OCI
· Ron Kuehn, Independent Ins. Agents Assoc.
· Ron Kuehn, Professional Ins. Agents Assoc.

· Ron Kuehn, WI Assoc. of Ins. & Financial Advisors

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for
· Misha Lee, Sentry Insurance
· Eric Englund, WI Insurance Alliance

· Lee Fawshaw, American Family Insurance

Registrations against

· None.

February 15, 2002 EXECUTIVE SESSION

Present: (5) Senators Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.

Absent: (0) None.

Moved by Senator Breske that LRBa1245/1

be recommended for introduction and adoption.

Ayes: (5) Senators Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes: (0) None.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 5, Noes 0, Absent 0

Moved by Senator Breske that LRBa1279/1

be recommended for introduction and adoption.

Ayes: (5) Senators Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes: (0) None.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 5, Noes 0, Absent 0

Moved by Senator Breske that Senate Bill 375

be recommended for passage as amended.

Ayes: (5) Senators Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes: (0) None.

Absent: (0) None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0, Absent 0

Elizabeth Piliouras
Committee Clerk