SB 523 (1996): relative to insurance holding companies.
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@misc{bill-1996-sb523, title = {SB 523 (1996): relative to insurance holding companies.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1996/sb523}, note = {Accessed 24 Oct. 2026} }
SB 523 (1996)
relative to insurance holding companies.
- Status: Signed into law
- Term: 1995-1996
- House committee: Commerce, Small Business, Consumer Affairs and Economic Development
- Senate committee: Insurance
- Subject: Miscellaneous
- Chapter law: 136
The Story
It was introduced on January 3, 1996 and referred to the Senate Insurance committee. The committee held public hearings on January 17, 1996 and January 25, 1996. The committee voted unanimously, 6–0, to recommend that the Senate pass it with changes. On February 1, 1996 the Senate voted to pass it with changes on a voice vote. It crossed to the House on February 13, 1996 and was referred to the House Commerce, Small Business, Consumer Affairs and Economic Development committee. The committee held a public hearing on March 14, 1996. The committee held a work session on April 3, 1996. The majority of the committee recommended that the House pass it unanimously, 13–0, and the report was placed on the consent calendar. On April 17, 1996 the House voted to pass it. The bill was enrolled on May 9, 1996 — the final check of the text before it goes to the governor. The governor signed it on May 21, 1996, making it Chapter 136 of the session laws. It took effect on January 1, 1997.
Sponsors
- Sen. Rodeschin (SD8) (prime sponsor)
Hearings and Sessions
- January 17, 1996, 10:30 AM: hearing, Senate Insurance, RM101,LOB
- January 25, 1996, 10:15 AM: hearing, Senate Insurance, RM101,LOB
- March 14, 1996, 10:45 AM: hearing, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
- April 3, 1996, 10:00 AM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
Votes
- February 1, 1996, Senate: Ought to Pass with Amendment — voice vote, passed
The Docket
- January 3, 1996: INTRODUCED AND REF TO INSURANCE; SJ1,P3
- January 17, 1996: HEARING JAN17 10:30 RM101,LOB FOR: INSUR
- January 25, 1996: RECESSED HEARING JAN25 10:15 RM101,LOB FOR: INSUR
- January 31, 1996: COMM REPORT OTP/AM FEB01 (VOTE 6-0)
- January 31, 1996: PROP COMM AM<4451>; SC6,P5-6
- February 1, 1996: COMM AM, AA VV; PASSED WITH AM VV; SJ5,P64-65 + 66
- February 13, 1996: INTRODUCED AND REF TO COMMERCE; HJ25,P804
- February 13, 1996: COPY TO CHAIRMAN ON 02/13/96 DUE ON 04/11/96
- March 14, 1996: HEARING MAR14 10:45 RM302,LOB FOR: COMMERCE
- April 3, 1996: SUBCOM WORK SESSION APR03 10:00 RM302,LOB FOR: COMMERCE
- April 4, 1996: MAJ REPORT OTP FOR APR17 (VOTE 13-0;CC)
- April 10, 1996: **REPORTED FOR APR10, SESSION CANCELLED DUE TO STORM**
- April 17, 1996: PASSED; HJ54,P1767 + 1810
- May 8, 1996: ENROLLED; HJ65,P2046
- May 9, 1996: ENROLLED; SJ23,P451
- May 21, 1996: SIGNED BY GOVERNOR 05/21/96 EFF: 01/01/97 CHAP.0136