74th Legislative Session -- 1999

Committee: Senate Commerce

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P      Lawler
P      Olson
P      Paisley
P      Valandra
P      Whiting
P      Daugaard, Vice-Chair
P      Shoener, Chair


OTHERS PRESENT: See Original Minutes

The meeting was called to order by Senator Shoener

MOTION:      TO APPROVE THE MINUTES OF PREVIOUS MEETING

Moved by:      Senator Lawler
Second by:      Senator Daugaard
Action:      Prevailed by voice vote.

          SB 50:   establish standards for the advertisement, solicitation, and sale of life and health insurance.

Proponents:      Randy Moses, Division of Insurance
          Darla Pholman-Rogers, HIAA,SDALU
          Kristine L. Kreiter, Wellmark Blue Cross Blue Shield of SD
          Mike Shaw, American Family Insurance

MOTION:      AMEND SB 50

j-50

     On page 1 , delete lines 4 and 5 of the printed bill , and insert " Section 1. " .

     On page 1 , line 7 , after " state " insert " that are subject to chapters 58-15, 58-16, 58-17, 58-18, 58- 18B, 58-37A, 58-38, 58-39, 58-40, and 58-41 " .

     On page 1 , line 10 , delete everything after " state. " .

     On page 1 , delete lines 11 to 13 , inclusive .

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     On page 1 , line 14 , delete " nonguaranteed factors. " .

     On page 2 , delete lines 10 and 11 , and insert " Section 2. " .

     On page 3 , delete lines 12 and 13 , and insert " Section 3. " .

     On page 4 , delete lines 20 and 21 , and insert " Section 5. " .

     On page 5 , delete lines 6 and 7 , and insert " Section 6. " .

     On page 5 , line 8 , before " format " insert " general " .

     On page 5 , after line 22 , insert:

"      Nothing in this section prohibits an insurer from incorporating an outline of coverage into other solicitation and policy information documents if the required information is contained in the documents. "

     On page 6 , line 4 , delete everything after " insurance " and insert " subject to this Act and shall be in addition to and in accordance with applicable laws of this state. The rules may include: " .

     On page 6 , delete lines 5 to 7 , inclusive .

     On page 7 , delete lines 6 and 7 , and insert " Section 8. " .

     On page 7 , delete lines 13 and 14 , and insert " Section 9. " .

     On page 7 , line 16 , delete " or " .

     On page 7 , line 17 , delete " premium deposit " .

     On page 7 , delete lines 23 and 24 , and insert " Section 10. " .

     On page 7 , line 25 , after " not " insert " materially " .

     On page 8 , line 2 , after " capacity " delete " or " and insert " and " .

     On page 8 , line 2 , after " to " insert " materially " .

     On page 8 , line 3 , after " capacity " delete " or " and insert " and " .

     On page 8 , line 3 , after " to " insert " materially " .

     On page 8 , delete lines 7 and 8 , and insert " Section 11. " .

     On page 8 , line 16 , after " insurer " insert " pursuant to chapter 58-3 " .

     On page 8 , delete lines 18 and 19 , and insert " Section 12. " .

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     On page 8 , line 20 , delete " determines " and insert " has reason to believe " .

     On page 8 , line 20 , after " capacity " delete " or " and insert " and " .

Moved by:      Senator Lawler
Second by:      Senator Whiting
Action:      Prevailed by voice vote.

MOTION:      DO PASS SB 50 AS AMENDED

Moved by:      Senator Lawler
Second by:      Senator Whiting
Action:      Prevailed by roll call vote.   (7-0-0-0)

Voting yes:      Lawler, Olson, Paisley, Valandra, Whiting, Daugaard, Shoener

          SB 73:   repeal certain countersignature requirements for insurance agents.

Proponents:      Senator Olson
          Chuck Schroyer, Am Ins
          Darla Lyon, Dept. Commerce
          Mike Shaw, American Family Ins
         

Opponents:      Larry Ahrendt, Ind Agents SD
          Red Beukelman, Ind Ins Assn.
          Vern Schuetzle, IIAA
          Gary Joyce, IIASP
          Carl Anderson, Ind Agent
          Mike Rounds, Insurance Agent

The Chair deferred SB 73 until Tuesday, January 26,1999.

The Chair deferred SB 49 until Tuesday, January 26, 1999.

MOTION:      ADJOURN

Moved by:      Senator Olson
Second by:      Senator Lawler
Action:      Prevailed by voice vote.

Doris J. Donner

Committee Secretary