Assembly
Record of Committee Proceedings
Committee on Insurance
Assembly Bill 622
Relating to: various changes to insurance laws, including issuance of funding agreements, granting rule-making authority, and providing a penalty.
By Representative Petersen; cosponsored by Senator Felzkowski, by request of Office of the Commissioner of Insurance.
October 14, 2021 Referred to Committee on Insurance
October 20, 2021 Public Hearing Held
Present: (7) Representative Steffen; Representatives Petersen, Duchow, Brooks, Gundrum, Hesselbein and Riemer.
Absent: (0) None.
Excused: (6) Representatives Tusler, Tranel, Petryk, August, Doyle and S. Rodriguez.
Appearances For
· Rep. Kevin Petersen - AD 40
· Connie O'Connell - Wisconsin Council of Life Insurers
· Andy Franken - Wisconsin Insurance Alliance
· Richard Wicka - OCI
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Sen. Mary Felzkowski - SD 12
· Bill McClenahan - Thrivent/ NAIFA Wisconsin
· Jess Alanis - American Family Insurance
· Brian Pleva - Northwestern Mutual
Registrations Against
· None.
Registrations for Information Only
· None.
October 27, 2021 Executive Session Held
Present: (11) Representative Steffen; Representatives Petersen, Duchow, Tusler, Brooks, Tranel, Gundrum, August, Hesselbein, Doyle and S. Rodriguez.
Absent: (0) None.
Excused: (2) Representatives Petryk and Riemer.
Moved by Representative Petersen, seconded by Representative Tusler that Assembly Amendment 1 be recommended for adoption.
Ayes: (11) Representative Steffen; Representatives Petersen, Duchow, Tusler, Brooks, Tranel, Gundrum, August, Hesselbein, Doyle and S. Rodriguez.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 11, Noes 0
Moved by Representative Hesselbein, seconded by Representative Tranel that Assembly Bill 622 be recommended for passage as amended.
Ayes: (11) Representative Steffen; Representatives Petersen, Duchow, Tusler, Brooks, Tranel, Gundrum, August, Hesselbein, Doyle and S. Rodriguez.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 11, Noes 0
______________________________
Nicholas Esbeck
Committee Clerk
