AB551AB551
Assembly
Record of Committee Proceedings
Committee on Insurance
Relating to: priority of claims for distribution in insurance liquidations, the insurance security fund, conforming the mutual insurance holding company provisions to changes made in the nonstock corporation provisions, the certified capital investment credit for insurers and miscellaneous changes to insurance statutes.
By Representative F. Lasee; cosponsored by Senator Breske, by request of the Office of the Commissioner of Insurance
.
October 20, 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.
·
Eileen Mallow, Office of the Commissioner of Insurance
·
None.
·
None.
·
Steve Radke, Northwestern Mutual Life
· Jim Tenuta, Wisconsin Association of Life and Health Insurers
· Tim Elverman, Bank One, Stonehenge Capital
· Eric Englund, Wisconsin Insurance Alliance
·
None.
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 Ammendment 1 to Assembly Bill 551
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 Underheim, that
Assembly Amendment 2 to Assembly Bill 551
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 Wieckert, that
Assembly Bill 551
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.
PASSAGE AS AMENDED RECOMMENDED, Ayes 11, Noes 0, Absent 1
Representative Cullen said that he would have voted aye if he had been present.
Mark Wadium
Committee Clerk
