2007 Regular Session
HB 2224 A
Overview
At the request of: (at the request of Governor Theodore R. Kulongoski for Department of Consumer and Business Services)
Chief Sponsors:
Regular Sponsors: (Presession Filed)
Bill Title: Relating to insurance policy forms; and declaring an emergency.
Catchline/Summary: Permits Director of Department of Consumer and Business Services by rule to specify categories of insurance for which director need not review individual policy forms if director finds that Interstate Insurance Product Regulation Commission approval process provides policyholders with same protections as or better protections than does approval process under state law.
Permits Director of Department of Consumer and Business Services by rule to specify categories of insurance for which director need not review individual policy forms if director finds that Interstate Insurance Product Regulation Commission <i>or similar multistate review</i>] <b>approval</b> process provides policyholders with same protections as or better protections than does <i>review</i>]<b> approval</b> process under state law. <b>Sunsets January 2, 2012. Requires director to report to Legislative Assembly on specified dates to provide evaluation of approval process.</b> Declares emergency, effective on passage.
Fiscal Impact: No Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Measure History
Current Status
Scheduled Events