- District 29
This bill reflects the National Association of Insurance Commissioner’s revisions to the Model Credit for Reinsurance Act giving the Commissioner express regulatory authority to address the handling and treatment of reinsurance agreements entered into, directly or indirectly, with life and health insurer-affiliated captives, special purpose vehicles or similar entities, including the authority to promulgate model regulations adopted by the NAIC that are required for the Department to meet accreditation.
Signed by Governor
Passed By Senate. Votes: 21 YES
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 8 On Its Merits
Assigned to Banking, Business, Insurance & Technology Committee in Senate
Passed By House. Votes: 40 YES 1 ABSENT
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 12 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
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