THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2006

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND HOUSING

Senator Ron Menor, Chair

Senator Rosalyn H. Baker, Vice Chair

MEASURES DEFERRED TO MONDAY, FEBRUARY 27, 2006

TIME:

11:00 a.m.

PLACE:

Conference Room 016

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Wednesday, February 22, 2006)

SB 2091

RELATING TO MOTOR VEHICLE INSURANCE.

Establishes a new section in chapter 431:10C to authorize exclusion of designated persons from coverage under a motor vehicle insurance policy, upon acknowledgment of the insured.

CPH

SB 2095

RELATING TO LIFE INSURANCE.

Requires a disclosure statement containing annuity contract information and a buyer's guide to be given to an applicant for an annuity contract. Codifies the failure to disclose annuities' information as an unfair practice.

CPH

SB 2225

RELATING TO ANNUITIES.

Requires insurers and insurance providers to make reasonable efforts to obtain information from senior consumers prior to annuities transactions. Permits insurance commissioner to consult with securities commissioner. Codifies the failure to make efforts to obtain information as an unfair practice.

CPH

SB 3070

RELATING TO THE UNIFORM SECURITIES ACT.

Amends definition of "security" as used in the Uniform Securities Act to exclude variable annuity contracts.

CPH

SB 2283

RELATING TO INSURANCE.

Updates and conforms current statutes governing insurer examinations and commercial general liability extended reporting requirements with the changes and revisions in the most current NAIC Model Acts and Model Regulations. Adopts annual financial audit requirements.

CPH

SB 2102

RELATING TO INSURANCE.

Requires adequate responses from insurance providers to inquiries and claim submissions from insureds.

CPH

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740.