l9n/ Oregon

2013 Regular Session

House Bill 2241

Permits Director of Department of Consumer and Business Services to share information related to acquisitions of insurers under certain circumstances.

Became law as Chapter 370, Oregon Laws 2013, signed June 13, 2013, 150 days after it was filed. In force from June 13, 2013.

What it does

The synopsis the Legislative Assembly published with the bill.

Permits Director of Department of Consumer and Business Services to share information related to acquisitions of insurers under certain circumstances. Permits director to organize or participate in hearing on insurer's acquisition of affiliated company with chief insurance regulatory officers in other jurisdictions. Requires person that proposes to acquire insurer to notify director, and to wait for specified period of time, before completing acquisition. Requires director to specify form and contents of required notice. Permits director to assess civil penalty if person completes acquisition without notifying director. Requires director to determine whether acquisition will substantially diminish competition among insurers in this state or tend to create monopoly. Specifies standards under which director must make determination. Permits director to issue order that requires person to cease and desist from transacting insurance or that denies application for certificate of authority if director determines that acquisition will substantially diminish competition or tend to create monopoly, or under other specified circumstances. Requires insurance holding company system to file annual enterprise risk report. Permits director to establish or participate in supervisory college for certain insurers. Requires person that intends to divest control in insurer to notify director. Specifies information acquiring party must submit to director in connection with acquisition. Specifies composition of portion of board of directors and committees in insurer or person that controls insurer. Specifies civil and criminal penalties for violating provisions of Act. Becomes operative January 2, 2014. Declares emergency, effective on passage.

Its course

January 14 to June 13, 2013, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action19 actions on 16 days

In the House of RepresentativesJan 14 to Mar 1156 days

Waiting for a committeeJan 14 to Jan 228 days

Business and LaborJan 22 to Mar 542 days

In the SenateMar 11 to Jun 586 days

Waiting for a committeeMar 11 to Mar 187 days

General Government, Consumer and Small Business ProtectionMar 18 to Jun 478 days

With the GovernorJun 5 to Jun 138 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • House of Representatives, third reading36–21

    Passed · Mar 11 · 3 present

  • Senate, third reading20–10

    Passed · Jun 5

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Jan 14 – Mar 11

  1. Jan 14Introduced
  2. Jan 22Sent to Business and Labor
  3. Feb 20Heard in Business and Labor
  4. Mar 4Heard in Business and Labor
  5. Mar 5Business and Labor recommended it
  6. Mar 6Read a second time
  7. Mar 11Passed the House of Representatives, 36 to 21

In the Senate Mar 12 – Jun 5

  1. Mar 12Arrived in the Senate
  2. Mar 18Sent to General Government, Consumer and Small Business Protection
  3. May 8Heard in General Government, Consumer and Small Business Protection
  4. May 31Heard in General Government, Consumer and Small Business Protection
  5. Jun 4General Government, Consumer and Small Business Protection recommended it
  6. Read a second time
  7. Jun 5Passed the Senate, 20 to 10

To the Governor Jun 7 – Jun 13

  1. Jun 7Signed in the House of Representatives
  2. Signed in the Senate
  3. Jun 13Signed by the Governor
  4. Became chapter 370 of Oregon Laws 2013, in force from June 13, 2013
All 19 actions, as published
  1. Jan 14First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 22Referred to Business and Labor.House of Representatives
  3. Feb 20Public Hearing held.House of Representatives
  4. Mar 4Work Session held.House of Representatives
  5. Mar 5Recommendation: Do pass.House of Representatives
  6. Mar 6Second reading.House of Representatives
  7. Mar 7Rules suspended. Carried over to March 11, 2013 Calendar.House of Representatives
  8. Mar 11Third reading. Carried by Thompson. Passed.House of Representatives
  9. Mar 12First reading. Referred to President's desk.Senate
  10. Mar 18Referred to General Government, Consumer and Small Business Protection.Senate
  11. May 8Public Hearing held.Senate
  12. May 31Work Session held.Senate
  13. Jun 4Recommendation: Do pass.Senate
  14. Jun 4Second reading.Senate
  15. Jun 5Third reading. Carried by George. Passed.Senate
  16. Jun 7Speaker signed.House of Representatives
  17. Jun 7President signed.Senate
  18. Jun 13Governor signed.House of Representatives
  19. Jun 13Chapter 370, (2013 Laws): Effective date June 13, 2013.House of Representatives