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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 principles for managed care organizations, changes statutory terminology (for example, replacing 'disability' with 'accident and health') and makes the Utah Insurance Commissioner the functional regulator with broader rulemaking authority. The measure also includes coordination language to align this bill with related House measures.
Under suspension of the rules the House adopted amendment number 3 (coordination with a related House bill) and other sponsor amendments. Supporters said the changes were reviewed by industry stakeholders and the Office of Legislative Research and General Counsel; opponents did not press extended floor debate. The House voted to amend and pass the bill; the recorded tally was 65 yes, 0 no.
The sponsor said the law is intended to provide consumer protections, speed processing of filings, and create uniformity with other states to avoid exclusive federal preemption of certain processes. The bill will proceed to the Senate for final action.
