Tuesday, May 2, 2006
Hearing-Insurance Regulation Bill
The House Insurance Policy Committee met last night and held a hearing on SB895. The Department of Insurance said it had grown to over 170 pages. Speaking in favor of the bill were the Department of Insurance and bail association lobbyist, Steve Carroll. Several insurance providers also generally supported the bill, with several speaking in opposition to particular passages. I spoke in opposition to the newly considered substitute language in the bill. Representative Brian Yates, chair of the committee, said that bill will be voted out of committee later this week. See my previous post for information outlining my concerns about this new language.
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