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Glossary of Legislative Terms

SB 1386: Interstate Insurance Product Regulation Compact

GENERAL BILL by Smith

Interstate Insurance Product Regulation Compact; Providing for establishment of an Interstate Insurance Product Regulation Commission; designating the Commissioner of Insurance Regulation as the representative of this state on the commission; providing for qualified immunity, defense, and indemnification of members, officers, employees, and representatives of the commission; prohibiting the commission from pledging the credit of any compacting states without authority; requiring the commission to keep complete accurate accounts, provide for audits, and make annual reports to the Governors and Legislatures of compacting states; providing for withdrawal from the compact, default by compacting states, and dissolution of the compact, etc. APPROPRIATION: $500,000

Effective Date: 10/1/2012
 Last Action: 3/9/2012 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Budget (BC)


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Bill History

Date Chamber Action
1/3/2012 Senate • Filed
1/13/2012 Senate • Referred to Banking and Insurance; Commerce and Tourism; Budget -SJ 149
• Introduced -SJ 149
3/9/2012 Senate • Died in Banking and Insurance