2019 Regular Session
|At the request of:||(at the request of Governor Kate Brown for Department of Consumer and Business Services)|
|Bill Title:||Relating to insurance regulation by the Department of Consumer and Business Services; declaring an emergency.|
Updates various statutes in Insurance Code to reflect changes in National Association of Insurance Commissioners model provisions related to reducing reserve requirements for domestic ceding insurers that cede insurance to reinsurers and to regulating insurance adjusters and insurance consultants.
Becomes operative on January 1, 2020. Declares emergency, effective on passage.
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee Awaiting transfer to Desk|
|Current Committee:||Senate Committee On Business and General Government|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|