Senate

Senate
Record of Committee Proceedings

Committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs

Senate Bill 450

Relating to: formation of mutual insurance holding companies, requiring the exercise of rule-making authority and making an appropriation.

By Senators Moen, Schultz, Burke, Huelsman, Shibilski, Panzer, Moore, Darling, Decker, Welch, Grobschmidt, Fitzgerald, Breske, Farrow, C. Potter, Rude, Wineke, Roessler, Weeden, George, Rosenzweig and Jauch; cosponsored by Representatives Green, Krug, Lorge, Meyer, Jensen, Plale, Ward, Kunicki, Underheim, Hanson, Gard, Huber, Schafer, Riley, Albers, Bock, Brandemuehl, Carpenter, Duff, Cullen, Freese, Hasenohrl, Goetsch, Kreuser, Grothman, La Fave, Hahn, J. Lehman, Hoven, Linton, Handrick, Murat, Kaufert, Springer, Kedzie, Staskunas, Klusman, Wasserman, Kreibich, Ladwig, F. Lasee, Lazich, M. Lehman, Musser, Nass, Ott, Ourada, Porter, Seratti, Vrakas, Walker and Coggs.

February 10, 1998 Referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.

March 4, 1998 PUBLIC HEARING HELD

Present: (6) Senators Moen, Breske, Moore, Roessler, Rosenzweig and Fitzgerald.

Absent: (0) None.

Appearances for

· Eric Englund, WI Insurance Alliance

· Andy Franken, Wausau Insurance

· Robert Mucci, National Guardian Life Insurance

· Randy Blumer, Office of the Commissioner of Insurance

· John Bremer, Northwestern Mutual Life Ins.

· Senator Dale Schultz, 17th Senate District

Appearances against

· None.

Appearances for Information Only

· Michael Vaughan, WI Bankers Assn.

Registrations for

· Arnold Kretzmann, Crystal Lake-Utica Mutual

· James Tenuta, WI Assn. of Life and Health Insurers

· John Larson, Naional Guardian Life Insurance

· Ron Kuehn, WI Assn. of Life Underwriters; Independent Insurance Agents; Professional Insurance Agents

· William Schroeder, Alliance of American Insurers

Registrations against

· None.

March 4, 1998 EXECUTIVE SESSION

Present: (6) Senators Moen, Breske, Moore, Roessler, Rosenzweig and Fitzgerald.

Absent: (0) None.

Moved by Senator Breske, seconded by Senator Rosenzweig, that Senate Amendment 1

be recommended for introduction and adoption.

Ayes: (6) Senator Moen, Breske, Moore, Roessler, Rosenzweig and Fitzgerald.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 6, Noes 0, Absent 0

Moved by Senator Rosenzweig, seconded by Senator Breske, that Senate Amendment 2

be recommended for introduction and adoption.

Ayes: (6) Senator Moen, Breske, Moore, Roessler, Rosenzweig and Fitzgerald.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 6, Noes 0, Absent 0

Moved by Senator Breske, seconded by Senator Rosenzweig, that Senate Bill 450

be recommended for passage as amended.

Ayes: (6) Senators Moen, Breske, Moore, Roessler, Rosenzweig and Fitzgerald.

Noes: (0) None.

Absent: (0) None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 6, Noes 0, Absent 0

Melissa White

Committee Clerk