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CS/CS/HB 383: Interstate Insurance Product Regulation Compact

GENERAL BILL by Regulatory Affairs Committee ; Insurance and Banking Subcommittee ; Hudson ; (CO-INTRODUCERS) Broxson ; Santiago

Interstate Insurance Product Regulation Compact; Provides legislative findings & intent; provides purposes; provides for establishment of Interstate Insurance Product Regulation Commission; provides responsibilities of commission; specifies commission as instrumentality of compacting states; provides for venue; specifies commission as separate, not-for-profit entity; provides powers of commission; provides for organization of commission; provides for membership, voting, & bylaws; designates Commissioner of Insurance Regulation as representative of state on commission; allows Commissioner of Insurance to designate person to represent state on commission; provides for management committee, officers, & personnel of commission; provides authority of management committee; provides for legislative & advisory committees; provides for qualified immunity, defense, & indemnification of members, officers, employees, & representatives of commission; provides for meetings & acts of commission; provides rules & operating procedures; provides rulemaking functions of commission; provides for opting out of uniform standards; provides procedures & requirements; provides for commission records & enforcement; provides that commission is subject to certain state tax requirements; authorizes Financial Services Commission to adopt rules; requires OIR to prepare & submit report by certain date to Legislature on effect of compact on consumer protections.

Effective Date: 7/1/2014
Last Action: 6/10/2013 - Chapter No. 2013-140
Location: Became Law
Bill Text: PDF



Bill History

Date Chamber Action
1/22/2013 House • Filed
1/30/2013 House • Referred to Insurance and Banking Subcommittee; Government Operations Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 49
3/5/2013 House • Introduced -HJ 49
3/11/2013 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/13/13, 9:00 am, 404 HOB
3/13/2013 House • CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 272
3/15/2013 House • Pending review of CS under Rule 7.19(c)
3/18/2013 House • Now in Government Operations Subcommittee -HJ 270
• CS by Insurance and Banking Subcommittee read 1st time -HJ 264
3/25/2013 House • On Committee agenda-- Government Operations Subcommittee, 03/27/13, 10:30 am, Webster Hall
3/27/2013 House • Favorable by Government Operations Subcommittee; YEAS 10 NAYS 0 -HJ 357
• Now in Government Operations Appropriations Subcommittee -HJ 357
3/29/2013 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 04/02/13, 8:30 am, Morris Hall
4/2/2013 House • Favorable by Government Operations Appropriations Subcommittee; YEAS 12 NAYS 0 -HJ 406
• Now in Regulatory Affairs Committee -HJ 406
4/5/2013 House • On Committee agenda-- Regulatory Affairs Committee, 04/09/13, 10:30 am, 404 HOB
4/9/2013 House • CS/CS by- Regulatory Affairs Committee; YEAS 15 NAYS 0 -HJ 472
4/10/2013 House • Pending review of CS -under Rule 7.19(c)
• CS/CS by Regulatory Affairs Committee read 1st time -HJ 464
4/11/2013 House • Placed on Calendar -HJ 578
4/15/2013 House • Placed on Special Order Calendar, 04/17/13
4/17/2013 House • Read 2nd time -HJ 644
• Read 3rd time -HJ 644
• CS passed; YEAS 115 NAYS 0 -HJ 644
4/18/2013 Senate • In Messages
• Referred to Banking and Insurance; Governmental Oversight and Accountability; Appropriations Subcommittee on General Government; Appropriations -SJ 501
4/23/2013 Senate • Received -SJ 501
4/29/2013 Senate • Withdrawn from Banking and Insurance; Governmental Oversight and Accountability; Appropriations Subcommittee on General Government; Appropriations -SJ 765
• Placed on Calendar, on 2nd reading -SJ 765
• Substituted for CS/CS/CS/SB 242 -SJ 765
• Read 2nd time -SJ 765
• Amendment(s) adopted (760430) -SJ 765
• Placed on 3rd reading
4/30/2013 Senate • Read 3rd time -SJ 803
• CS passed as amended; YEAS 39 NAYS 0 -SJ 804
4/30/2013 House • In returning messages
5/2/2013 House • Amendment(s) to Senate amendment(s) adopted (913995) -HJ 1081, 1084
• Concurred in Senate amendment(s) as amended -HJ 1084
• CS passed as amended; YEAS 116 NAYS 0 -HJ 1084
5/2/2013 Senate • In returning messages
• Concurred in House amendment(s) to Senate amendment(s) (913995) -SJ 1032
• CS passed as amended; YEAS 39 NAYS 0 -SJ 1034
5/2/2013 House • Ordered enrolled
6/3/2013 • Signed by Officers and presented to Governor
6/7/2013 • Approved by Governor
6/10/2013 • Chapter No. 2013-140