SB 97 — Relating to modernizing insurance corporate governance; and declaring an emergency.
Last action — Chapter 479, 2017 Laws.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 09, 2017. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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Cleared a recorded vote
Passed 5 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Provides that Director of Department of Consumer and Business Services must act as, or acknowledge another regulatory official as, group-wide supervisor for internationally active insurance group. Specifies criteria for and conditions under which director must assume authority to act as group-wide supervisor or acknowledge other regulatory official's authority as group-wide supervisor. Specifies actions director may take as group-wide supervisor. Requires insurer or insurance group to submit corporate governance annual disclosure to director, or other regulatory official in lead state, in accordance with schedule director specifies by rule. Specifies corporate level of organization at which insurer or insurance group may choose to make corporate governance annual disclosure. Specifies confidentiality requirements for documents, materials and other information that director receives, obtains, creates or discloses to, or receives in disclosure from, another person. Specifies conditions under which director may share documents, materials or other information and requirements for recipients of shared documents, materials or other information. Specifies that if director places insurer under supervision, liquidation or rehabilitation, director retains authority over insurer's operations and over transactions in which insurer engages within insurance holding company system of which insurer is member. Specifies period within which health benefit plan carrier may cancel coverage in identified circumstances. Becomes operative on January 1, 2018. Declares emergency, effective on passage.
Bill Text
We don't have the full text on file for this bill yet.
Read SB 97 on the official Oregon source →Action History
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Chapter 479, 2017 Laws.
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Effective date, June 27, 2017.
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Governor signed.
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Speaker signed.
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President signed.
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Senate concurred in House amendments and repassed bill.
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Taken from 06-14 Calendar and placed on 06-15 Calendar.
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Third reading. Carried by Barreto. Passed.
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Rules suspended. Carried over to June 1, 2017 Calendar.
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Rules suspended. Carried over to May 31, 2017 Calendar.
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Rules suspended. Carried over to May 30, 2017 Calendar.
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Rules suspended. Carried over to May 26, 2017 Calendar.
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Rules suspended. Carried over to May 25, 2017 Calendar.
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Second reading.
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Recommendation: Do pass with amendments and be printed B-Engrossed.
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Work Session held.
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Public Hearing held.
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Referred to Business and Labor.
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First reading. Referred to Speaker's desk.
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Third reading. Carried by Beyer. Passed.
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Carried over to 04-18 by unanimous consent.
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Second reading.
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Recommendation: Do pass with amendments. (Printed A-Eng.)
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Public Hearing and Work Session held.
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Referred to Business and Transportation.
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Introduction and first reading. Referred to President's desk.
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 0 co-sponsors · 90 not signed on · 7 voted No
Sponsors (0)
None.
Co-sponsors (0)
None.
Not signed on (90)
90 members have not signed on to this bill.
Show all 90 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 17 | 6 | 0 | 1 |
| Democrat | 4 | 0 | 0 | 0 |
| Republican | 1 | 1 | 0 | 0 |
| Total | 22 | 7 | 0 | 1 |
| % of votes cast | 73% | 23% | 0% | 3% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Alan DeBoer | — | Yea |
| Alan Olsen | — | Nay |
| Arnie Roblan | — | Yea |
| Betsy Johnson | — | Yea |
| Bill Hansell | — | Yea |
| Brian Boquist | — | Not Voting |
| Chuck Riley | — | Yea |
| Chuck Thomsen | — | Yea |
| Dennis Linthicum | — | Nay |
| Elizabeth Steiner Hayward | — | Yea |
| Ginny Burdick | — | Yea |
| Herman Baertschiger Jr. | — | Nay |
| Jackie Winters | — | Yea |
| Jeff Kruse | — | Nay |
| Laurie Monnes Anderson | — | Yea |
| Lee Beyer | — | Yea |
| Mark Hass | — | Yea |
| Michael Dembrow | — | Yea |
| Peter Courtney | — | Yea |
| Richard Devlin | — | Yea |
| Rod Monroe | — | Yea |
| Sara Gelser | — | Yea |
| Ted Ferrioli | — | Nay |
| Tim Knopp | — | Nay |
| Floyd Prozanski | Democrat | Yea |
| James Manning Jr. | Democrat | Yea |
| Kathleen Taylor | Democrat | Yea |
| Lew Frederick | Democrat | Yea |
| Fred Girod | Republican | Yea |
| Kim Thatcher | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 38 | 0 | 0 | 3 |
| Democrat | 14 | 0 | 0 | 0 |
| Republican | 5 | 0 | 0 | 0 |
| Total | 57 | 0 | 0 | 3 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (60)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 7 | 0 | 0 | 0 |
| Democrat | 2 | 0 | 0 | 0 |
| Total | 9 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Bill Kennemer | — | Yea |
| Dallas Heard | — | Yea |
| Greg Barreto | — | Yea |
| Janelle Bynum | — | Yea |
| Jodi Hack | — | Yea |
| Margaret Doherty | — | Yea |
| Paul Holvey | — | Yea |
| Julie Fahey | Democrat | Yea |
| Paul Evans | Democrat | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 23 | 0 | 0 | 1 |
| Democrat | 4 | 0 | 0 | 0 |
| Republican | 2 | 0 | 0 | 0 |
| Total | 29 | 0 | 0 | 1 |
| % of votes cast | 97% | 0% | 0% | 3% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Alan DeBoer | — | Yea |
| Alan Olsen | — | Yea |
| Arnie Roblan | — | Yea |
| Betsy Johnson | — | Yea |
| Bill Hansell | — | Yea |
| Brian Boquist | — | Yea |
| Chuck Riley | — | Yea |
| Chuck Thomsen | — | Yea |
| Dennis Linthicum | — | Yea |
| Elizabeth Steiner Hayward | — | Yea |
| Ginny Burdick | — | Yea |
| Herman Baertschiger Jr. | — | Not Voting |
| Jackie Winters | — | Yea |
| Jeff Kruse | — | Yea |
| Laurie Monnes Anderson | — | Yea |
| Lee Beyer | — | Yea |
| Mark Hass | — | Yea |
| Michael Dembrow | — | Yea |
| Peter Courtney | — | Yea |
| Richard Devlin | — | Yea |
| Rod Monroe | — | Yea |
| Sara Gelser | — | Yea |
| Ted Ferrioli | — | Yea |
| Tim Knopp | — | Yea |
| Floyd Prozanski | Democrat | Yea |
| James Manning Jr. | Democrat | Yea |
| Kathleen Taylor | Democrat | Yea |
| Lew Frederick | Democrat | Yea |
| Fred Girod | Republican | Yea |
| Kim Thatcher | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 3 | 0 | 0 | 1 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 4 | 0 | 0 | 1 |
| % of votes cast | 80% | 0% | 0% | 20% |
How each member voted (5)
| Member | Party | Vote |
|---|---|---|
| Chuck Riley | — | Yea |
| Chuck Thomsen | — | Not Voting |
| Lee Beyer | — | Yea |
| Rod Monroe | — | Yea |
| Fred Girod | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 97 do?
- Provides that Director of Department of Consumer and Business Services must act as, or acknowledge another regulatory official as, group-wide supervisor for internationally active insurance group. Specifies criteria for and conditions under which director must assume authority to act as group-wide supervisor or acknowledge other regulatory official's authority as group-wide supervisor. Specifies actions director may take as group-wide supervisor. Requires insurer or insurance group to submit corporate governance annual disclosure to director, or other regulatory official in lead state, in accordance with schedule director specifies by rule. Specifies corporate level of organization at which insurer or insurance group may choose to make corporate governance annual disclosure. Specifies confidentiality requirements for documents, materials and other information that director receives, obtains, creates or discloses to, or receives in disclosure from, another person. Specifies conditions under which director may share documents, materials or other information and requirements for recipients of shared documents, materials or other information. Specifies that if director places insurer under supervision, liquidation or rehabilitation, director retains authority over insurer's operations and over transactions in which insurer engages within insurance holding company system of which insurer is member. Specifies period within which health benefit plan carrier may cancel coverage in identified circumstances. Becomes operative on January 1, 2018. Declares emergency, effective on passage.
- What is the current status of SB 97?
- This bill has been enacted into law. Introduced January 09, 2017. Enacted.
- Where can I track SB 97?
- Track SB 97 free on One Click Politics — get push/email alerts when it moves.
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