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House amends and passes sweeping insurance‑law revisions, makes commissioner functional regulator
Summary
Second‑substitute Senate Bill 100, a 305‑page overhaul of state insurance law to align with federal changes and apply risk‑based capital rules, was amended on the floor and passed the House 65–0; it gives the Utah Insurance Commissioner expanded authority to implement consumer protections.
The Utah House amended and passed second‑substitute Senate Bill 100 on Feb. 22, 2001, a comprehensive revision to state insurance law described by sponsors as necessary to harmonize Utah law with recent federal requirements.
Representative Daire, the floor sponsor, said the 305‑page bill implements risk‑based capital…
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