Senate
Record of Committee Proceedings
Committee on Insurance, Licensing and Forestry
Senate Bill 588
Relating to: various changes to insurance laws, including issuance of funding agreements, granting rule-making authority, and providing a penalty.
By Senator Felzkowski; cosponsored by Representative Petersen.
September 24, 2021 Referred to Committee on Insurance, Licensing and Forestry
September 29, 2021 Public Hearing Held
Present: (4) Senator Felzkowski; Senators Stafsholt, Jagler and Ringhand.
Absent: (0) None.
Excused: (1) Senator L. Taylor.
Appearances For
· Sen. Mary Felzkowski - 12th Senate District
· Chief Legal Council Richard Wicka - OCI
· Connie O'Connell - WI Council of Life Insurers
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Bill McClenahan - NAIFA
· Bill McClenahan - Thrivent
· Senior Director - State Relations Brian Pleva - Northwestern Mutual
Registrations Against
· None.
Registrations for Information Only
· None.
October 27, 2021 Executive Session Held
Present: (5) Senator Felzkowski; Senators Stafsholt, Jagler, L. Taylor and Ringhand.
Absent: (0) None.
Excused: (0) None.
Moved by Senator Jagler, seconded by Senator Stafsholt that Senate Amendment 1 be recommended for adoption.
Ayes: (5) Senator Felzkowski; Senators Stafsholt, Jagler, L. Taylor and Ringhand.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by Senator Jagler, seconded by Senator Stafsholt that Senate Bill 588 be recommended for passage as amended.
Ayes: (5) Senator Felzkowski; Senators Stafsholt, Jagler, L. Taylor and Ringhand.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0
______________________________
Stamena Ivanov
Committee Clerk
