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MO HB2611

Bill

Official Source

Status

Introduced

2/23/2016

Primary Sponsor

Noel Shull

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends Section 374.205, RSMo to modify affidavit requirements following adoption of insurance examination reports
  • Allows insurance companies to file a single affidavit from the general counsel or chief legal officer for adopted market conduct reports, rather than requiring separate affidavits from each director
  • Maintains the existing requirement that each director must file individual affidavits for adopted financial examination reports
  • The alternative affidavit must state under oath that the general counsel or chief legal officer has received a copy of the adopted market conduct report and related orders
  • Affidavits must still be filed within 30 days of issuance of the adopted report

Legislative Description

Allows insurance companies to file one affidavit indicating acceptance of a certain report rather than affidavits from each director of the company

Last Action

Voted Do Pass (H)

4/28/2016

Committee Referrals

Select Committee on Insurance4/26/2016
Property, Casualty, and Life Insurance3/30/2016

Full Bill Text

No bill text available