HB 1223 -- NATIONAL CONFERENCE OF INSURANCE LEGISLATORS

SPONSOR:  Ward

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Financial Services by a vote of 19 to 0.

This bill requires the Department of Insurance to pay the state's
annual dues for membership in the National Conference of
Insurance Legislators.

FISCAL NOTE:  Estimated Net Income on General Revenue Fund of
$10,000 in FY 2005, FY 2006, and FY 2007.  Estimated Net Cost on
Other State Funds of $10,000 in FY 2005, FY 2006, and FY 2007.

PROPONENTS:  Supporters say that membership in the conference is
very important in educating legislators about the complicated
field of insurance regulation.  The association works on model
language every year and is particularly helpful in long-term
policy development.  The cost will be charged to the Department
of Insurance but will ultimately be covered by insurance
companies who will be assessed fees to cover the annual costs
incurred by the department.

Testifying for the bill were Representative Ward; American
Insurance Association; Reinsurance Association of America;
Teachers Insurance and Annuity Association-College Retirement
Equities Fund.

OPPONENTS:  There was no opposition voiced to the committee.

Richard Smreker, Senior Legislative Analyst

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am