1st Sub.
H.B.
29
INSURANCE AMENDMENTS
House Floor
Amendments
Amendment 3 January 27, 2012 11:01 AM
Representative James A. Dunnigan proposes the following amendments:
1. Page 38, Line 1172 through Page 39, Line 1179 :
1172 (v) Chapter 14, Foreign Insurers;
{
or
}
1173 (e) a person:
1174 (i) licensed or exempt from licensing under:
1175 (A) Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and
1176 Reinsurance Intermediaries; or
1177 (B) Chapter 26, Insurance Adjusters; and
1178 (ii) whose activities are limited to those authorized under the license the person holds
1179 or for which the person is exempt
{
.
}
; or
(f) an institution, bank, or financial institution:
(i) that is:
(A) an institution whose deposits and accounts are to any extent insured by a federal deposit insurance agency, including the Federal Deposit Insurance Corporation or National Credit Union Administration; or
(B) a bank or other financial institution that is subject to supervision or examination by a federal or state banking authority; and
(ii) that does not adjust claims without a third party administrator license.
2. Page 109, Line 3373 through Page 110, Line 3376 :
3373 (b) "Insurance fraud provisions" means:
3374 (i) this chapter;
3375 (ii) Section
{
31A-2-110
}
34A-2-110
; and
3376 (iii) Section 76-6-521 .
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