Assembly

Record of Committee Proceedings

Committee on Insurance

Assembly Bill 334

Relating to: life insurance and annuity benefits.

By Representatives Jacque, Duchow, R. Brooks, Genrich, Murphy, Thiesfeldt and Tusler; cosponsored by Senators Craig, Carpenter, Harsdorf, Olsen, Nass and Wirch.

May 19, 2017              Referred to Committee on Insurance

November 16, 2017    Public Hearing Held

Present:       (11)      Representative Petersen; Representatives Duchow, Steffen, Jagler, Petryk, Tusler, Genrich, Young, Berceau, Doyle and Kessler.

Absent:       (0)        None.

Excused:     (4)        Representatives Tranel, Katsma, August and Stafsholt.

Appearances For

·      Rep. Andre Jacque

·      Michael Bula - Northwestern Mutual

·      Megan Balogh - CUNA Mutual Group

·      David Westmark - Thrivent Financial

Appearances Against

·      None.

Appearances for Information Only

·      Cari Lee - OCI

·      Elizabeth  Hizmi - OCI

Registrations For

·      Brian Pleva - Northwestern Mutual

·      Connie O'Connell - WI Council of Life Insurers

Registrations Against

·      None.

Registrations for Information Only

·      None.

December 05, 2017     Executive Session Held

Present:       (15)      Representative Petersen; Representatives Duchow, Steffen, Jagler, Petryk, Tusler, Tranel, Katsma, August, Stafsholt, Genrich, Young, Berceau, Doyle and Kessler.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Representative Petryk, seconded by Representative Young that Assembly Bill 334 be recommended for passage.

Ayes:     (15)   Representative Petersen; Representatives Duchow, Steffen, Jagler, Petryk, Tusler, Tranel, Katsma, August, Stafsholt, Genrich, Young, Berceau, Doyle and Kessler.

Noes:     (0)     None.

PASSAGE RECOMMENDED, Ayes 15, Noes 0

______________________________

Jim Bowers

Committee Clerk