HB 1596 -- INSURANCE

This bill allows securities and other related assets that are
not exclusively controlled by an insurance company to be held
only by business entities that are subject to regulation by the
Securities and Exchange Commission, the federal reserve system,
or other banking regulator.

HB 1596 -- INSURANCE (Auer)

This bill allows securities and other related assets that are
not exclusively controlled by an insurance company to be held
only by business entities that are subject to regulation by the
Securities and Exchange Commission, the federal reserve system,
or other banking regulator.

FISCAL NOTE:  No impact on state funds.

HB 1596 -- INSURANCE

SPONSOR:  Auer

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Insurance by a vote of 13 to 0.

This bill allows securities and other related assets that are
not exclusively controlled by an insurance company to be held
only by business entities that are subject to regulation by the
Securities and Exchange Commission, the federal reserve system,
or other banking regulator.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that this bill helps protect the
consumer by ensuring accountability for the manner in which
investments are made by insurance companies.

Testifying for the bill were Representative Auer; and Department
of Insurance.

OPPONENTS:  There was no opposition voiced to the committee.

Richard Smreker, Legislative Analyst

HB 1596 -- Insurance

Sponsor:  Auer

This bill allows securities and other related assets that are
not exclusively controlled by an insurance company to be held
only by business entities that are subject to regulation by the
Securities and Exchange Commission, the federal reserve system,
or other banking regulator.