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H0487...........................................................by BUSINESS
INSURERS - Amends existing law to delete the requirement that insurers file
copies of reports with the National Association of Insurance Commissioners.
01/20 House intro - 1st rdg - to printing
01/21 Rpt prt - to Bus
02/10 Rpt out - rec d/p - to 2nd rdg
02/11 2nd rdg - to 3rd rdg
02/16 3rd rdg - PASSED - 70-0-0
AYES -- Andersen, Barraclough, Barrett, Bauer, Bayer, Bedke, Bell,
Black, Block, Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins,
Crow, Cuddy, Deal, Denney, Douglas, Eberle, Edmunson, Ellsworth,
Eskridge, Field(18), Field(23), Gagner, Garrett, Harwood, Henbest,
Jaquet, Jones, Kellogg(Nonini), Kulczyk, Lake, Langford, Langhorst,
Martinez, McGeachin, McKague, Meyer, Miller, Mitchell, Moyle,
Naccarato, Nielsen, Pasley-Stuart, Raybould, Ridinger, Ring, Ringo,
Roberts, Robison, Rydalch, Sali, Sayler, Schaefer, Shepherd, Shirley,
Skippen, Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Trail,
Wills, Wood, Mr. Speaker
NAYS -- None
Absent and excused -- None
Floor Sponsor - Bayer
Title apvd - to Senate
02/17 Senate intro - 1st rdg - to Com/HuRes
02/25 Rpt out - rec d/p - to 2nd rdg
02/26 2nd rdg - to 3rd rdg
03/19 3rd rdg - PASSED - 35-0-0
AYES -- Andreason, Bailey, Brandt, Bunderson, Burkett(Maxand),
Burtenshaw, Calabretta, Cameron, Compton, Darrington, Davis, Gannon,
Geddes, Goedde, Hill, Ingram, Kennedy, Keough, Little, Lodge,
Malepeai, Marley, McKenzie, McWilliams, Noble, Noh, Pearce,
Richardson, Schroeder, Sorensen, Stegner, Stennett, Sweet, Werk,
Williams
NAYS -- None
Absent and excused -- None
Floor Sponsor - Davis
Title apvd - to House
03/20 To enrol - Rpt enrol - Sp signed - Pres signed
03/22 To Governor
03/24 Governor signed
Session Law Chapter 310
Effective: 07/01/04
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-seventh Legislature Second Regular Session - 2004
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 487
BY BUSINESS COMMITTEE
1 AN ACT
2 RELATING TO INSURANCE; AMENDING SECTION 41-345, IDAHO CODE, TO DELETE THE
3 REQUIREMENT THAT INSURERS FILE COPIES OF REPORTS WITH THE NATIONAL ASSOCI-
4 ATION OF INSURANCE COMMISSIONERS.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. That Section 41-345, Idaho Code, be, and the same is hereby
7 amended to read as follows:
8 41-345. REPORT. (1) Every insurer domiciled in this state shall file a
9 report with the director disclosing material acquisitions and dispositions of
10 assets or material nonrenewals, cancellations or revisions of ceded reinsur-
11 ance agreements unless such acquisitions and dispositions of assets or mate-
12 rial nonrenewals, cancellations or revisions of ceded reinsurance agreements
13 have been submitted to the director for review, approval or information pur-
14 poses pursuant to other provisions of the insurance code, laws, rules or other
15 requirements.
16 (2) The report required in subsection (1) of this section is due within
17 fifteen (15) days after the end of the calendar month in which any of the
18 foregoing transactions occur.
19 (3) One (1) complete copy of the report, including any exhibits or other
20 attachments filed as part thereof, shall be filed with:
21 (a) The the Idaho department of insurance; and
22 (b) The national association of insurance commissioners.
23 (4) All reports obtained by or disclosed to the director pursuant to sec-
24 tions 41-345 through 41-347, Idaho Code, shall be given confidential treatment
25 and shall not be subject to subpoena and shall not be made public by the
26 director, the national association of insurance commissioners, or any other
27 person, except to insurance departments of other states, without the prior
28 written consent of the insurer to which it pertains unless the director, after
29 giving the insurer who would be affected thereby, notice and an opportunity to
30 be heard, determines that the interest of policyholders, shareholders or the
31 public will be served by the publication thereof, in which event the director
32 may publish all or any part thereof in such manner as he may deem appropriate.
STATEMENT OF PURPOSE
RS 13496
This bill amends a provision of the code that requires that
insurers file reports regarding material acquisitions with the
National Association of Insurance Commissioners (NAIC). This
requirement is being deleted because the NAIC no longer requires or
wants to receive these reports.
FISCAL IMPACT
There will be no fiscal impact.
CONTACT
Name: Shad Priest
Agency: Department of Insurance
Phone: 334-4214
Statement of Purpose/Fiscal Impact H 487