SB 40 (2001): changing the method by which the insurance department assesses insurers to fund its administration fund.
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@misc{bill-2001-sb40, title = {SB 40 (2001): changing the method by which the insurance department assesses insurers to fund its administration fund.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2001/sb40}, note = {Accessed 24 Oct. 2026} }
SB 40 (2001)
changing the method by which the insurance department assesses insurers to fund its administration fund.
- Status: Signed into law
- Term: 2001-2002
- House committee: Commerce
- Senate committee: Insurance
- Subject: Insurance
- Chapter law: 52
The Story
It was introduced on January 4, 2001 and referred to the Senate Insurance committee. The committee held a public hearing on February 14, 2001. The committee recommended that the Senate pass it. On March 29, 2001 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on March 29, 2001 and was referred to the House Commerce committee. The committee held a public hearing on May 8, 2001. The majority of the committee recommended that the House pass it unanimously, 13–0, and the report was placed on the consent calendar. On May 17, 2001 the House voted to pass it. The bill was enrolled on May 31, 2001 — the final check of the text before it goes to the governor. The governor signed it on June 11, 2001, making it Chapter 52 of the session laws. It took effect on July 1, 2001.
Sponsors
- Sen. Harold Burns (R - SD1) (prime sponsor)
- Sen. Katherine Wheeler (D - SD21)
- Rep. Martha Fuller Clark (D - Rock 36)
- Rep. Leo Fraser (R - Merr 9)
Hearings and Sessions
- February 14, 2001, 8:30 AM: hearing, Senate Insurance, LOB 101
- May 8, 2001, 11:30 AM: hearing, House Commerce, RM302,LOB
Votes
- March 29, 2001, Senate: Ought to Pass — voice vote, passed
The Docket
- January 4, 2001: Introduced and Ref. to Insurance
- February 14, 2001: Hearing; February 14, 2001, Room 101, LOB, 8:30 a.m.; SC4
- March 28, 2001: Committee Report; Ought to Pass [03/29/01], SC15
- March 29, 2001: Ought to Pass, MA, VV; OT3rdg, MA, VV
- March 29, 2001: Introduced and ref to Commerce; HJ30, p674
- April 3, 2001: Copy to Chairman on 4/3/2001
- May 1, 2001: ==CANCELLED==Hearing May 1 11:30 RM302,LOB
- May 8, 2001: Rescheduled Hearing May 8 11:30 RM302,LOB
- May 9, 2001: Maj Report OTP for May 17 (vote 13-0;CC)
- May 17, 2001: Passed; HJ47, p1428 + 1441
- May 31, 2001: Enrolled
- May 31, 2001: Enrolled; (See Perm Journal)
- June 11, 2001: Signed by the Governor on 6/11/2001 Eff: 7/1/2001 Chap: 0052