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Insurance Department says omnibus amendments coming for SB 2374; sections likely removed
Summary
Deputy Insurance Commissioner John Arnold told the committee stakeholders provided feedback on Senate Bill 2374 and the department is drafting an omnibus amendment to be delivered by Monday; sections 2 and 3 tied to NAIC accreditation standards are likely to be removed.
Deputy Insurance Commissioner John Arnold updated the Senate Industry and Business Committee on the department’s work to revise Senate Bill 2374 and to incorporate stakeholder feedback.
Arnold said the department has received input from “all but one” stakeholder group and is consolidating multiple proposed edits into a single omnibus amendment. He told the committee, “we are to have an amendment to you by Monday, so we can get this out of committee by…
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