who are directors or officers
excluded from coverage:
(i) upon its insurance carrier [
naming the persons to be excluded from coverage.], if
(ii) upon the commission if the corporation is self insured or has no employee other
than the one or more directors or officers being excluded.
(c) A corporation may exclude no more than five individuals
who are directors
The motion passed unanimously with Sen. Okerlund absent for the vote.
MOTION: Sen. Jones moved to send S.B. 45 as amended out of committee with a
favorable recommendation. The motion passed unanimously with Sen. Okerlund absent for
Sen. Reid moved to adjourn. The motion passed unanimously. Chair
Osmond adjourned the meeting at 4:43 p.m.
Minutes were reported by Ms. Wendy Hill, Committee Secretary.
Sen. Aaron Osmond, Committee Chair