AB870AB870
Assembly
Record of Committee Proceedings
Committee on Health
Relating to: miscellaneous changes to the insurance laws related to the confidentiality of personal information obtained in the course of administering a state insurance fund, the statute of limitations for bringing an action against the patients compensation fund, the applicability of a timeliness requirement for the payment of insurance claims for chiropractic services, an exception from a requirement to obtain consent to incorporate certain publications by reference in administrative rules, the type of property for which the loss amount is the insurance limits, the renewal date for viatical settlement brokers' licenses, eliminating the requirement to keep a separate account for surplus lines taxes, issuance of temporary licenses for intermediaries, specifying by rule the amount of stop-loss reinsurance that a town mutual must obtain, standards related to assisting unauthorized insurers, reducing the minimum nonforfeiture interest rate for fixed individual annuities, and defining extraordinary dividends for life insurers; and granting rule-making authority.
By Representative Montgomery; cosponsored by Senator Breske.
February 26, 2002 Referred to Committee on Health.
February 28, 2002 PUBLIC HEARING HELD
Present: (16) Representatives Underheim, Urban, Johnsrud, Krawczyk, F. Lasee, Lippert, Olsen, Walker, Wieckert, Wasserman, Carpenter, La Fave, Miller, Schooff, Colon and Shilling.
Absent: (1) Representative Seratti.
· Eileen Mallow, Madison, OCI
· Lee Fanshaw, Madison, American Family Insurance
· Steve Radke, Milwaukee, Northwestern Mutual
· Keith Clifford, Madison, WI Academy of Trial Lawyers
February 28, 2002
EXECUTIVE SESSION
Present: (16) Representatives Underheim, Urban, Johnsrud, Krawczyk, F. Lasee, Lippert, Olsen, Walker, Wieckert, Wasserman, Carpenter, La Fave, Miller, Schooff, Colon and Shilling.
Absent: (1) Representative Seratti.
March 4, 2002
EXECUTIVE SESSION
Present: (17) Representatives Underheim, Urban, Johnsrud, Krawczyk, F. Lasee, Lippert, Olsen, Seratti, Walker, Wieckert, Wasserman, Carpenter, La Fave, Miller, Schooff, Colon and Shilling.
Moved by Representative Olsen, seconded by Representative Lippert, that
Assembly Bill 870
be recommended for passage.
Ayes: (15) Representatives Underheim, Urban, Johnsrud, Krawczyk, F. Lasee, Lippert, Olsen, Seratti, Walker, Wieckert, Wasserman, Carpenter, La Fave, Miller and Shilling.
Noes: (2) Representatives Schooff and Colon.
PASSAGE RECOMMENDED, Ayes 15, Noes 2, Absent 0
Sandra Lonergan
Committee Clerk
