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Committee advances omnibus insurance cleanup bill and prepaid‑funeral changes
INSURANCE & COMMERCE - SENATE · March 7, 2023
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Summary
Senate Bill 357, an Insurance Department omnibus cleanup, and SB 97, updating prepaid funeral contract rules, both passed committee after Insurance Department attorneys and the sponsor explained technical revisions to examinations, reporting, captive schedules, HMOs and reporting timelines for prepaid contracts.
The Insurance Department presented SB 357 as a periodic omnibus cleanup covering multiple technical fixes to insurance law. Amanda Rose (legal division) walked the committee through sections updating financial exam response windows…
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