Banking and Insurance Committee 09/20/06

The Senate Banking and Insurance Committee met on Wednesday, September 20, 2006, and took action as follows:

Reported Out as Committed

Senate Bill 1335 pn 2050  The legislation amends the Insurance Company Law to reauthorize the Alternative Mechanism provisions relating to health care insurance by removing the sunset date for the program and also adds other clarifying language regarding premiums.  Unanimous Vote

Reported Out as Amended

Senate Bill 972 pn 1309  The bill amends Sections 1102 and 1115 of the Medical Care Availability and Reduction of Error Act (Mcare) to extend the abatement program that provides assistance to health care providers to include the calendar year 2007.  A09305 (Armstrong) extends the program for one year. Unanimous Vote

Banking and Insurance Committee 06/27/06

The Senate Banking and Insurance Committee met on Tuesday, June 27, 2006,   and took action as follows:

Reported Out as Committed

House Bill 2542 pn 4003 (Baker)  The bill permits Pennsylvania corporations to file a continuation statement allowing financing statements filed with the Department of State prior to July 1, 2001 (if the filing of a continuation statement occurs before the original financing statement ceases to be effective after December 30, 2005 or six months before the financing statement expires) to remain as legally effective documents.  Unanimous Committee Vote.

Banking and Insurance Committee 06/20/06

The Senate Banking and Insurance Committee met on Monday, June 19, 2006,   and took action as follows:

Reported as Amended (Unanimous)

House Bill 1068 pn 3342 (Tangretti)  The bill amends Title 51 (Military Affairs)  to further provide for life insurance benefits to members of the National Guard and members of the Armed Forces of the United States or its Reserve Component.  Unanimous Vote.  A08124 Clarifies language in the bill to make sure it conforms to language used in federal law and also limits premium payment to members of the PA National Guard.  Unanimous Vote

House Bill 1632 pn 3230 (Kenney)  The bill amends the Unfair Insurance Practices Act to prohibit an insurer from denying a property and casualty insurance claim for victims of abuse.  Unanimous Vote.  A8223 Clarifying language.  Unanimous Vote

Senate Bill 180 pn 251 (Armstrong)  The bill creates a freestanding act known as the Credit Reporting Agency Law.  The bill allows for consumers to place and remove security freezes on the consumer’s credit report. Unanimous Vote.  A8240  Rewrites the language with similar language dealing with placement of a security freeze on an individual’s credit report.  Unanimous Vote.

Banking and Insurance Committee 10/24/05

The Senate Banking and Insurance Committee met on Monday, October 24, 2005,   and took action as follows:

Reported as Amended (Unanimous)

Senate Bill 869 pn 1111 (Senator D. White)   The bill amends Title 51 (Military Affairs) by providing for the extension of health insurance benefits for certain military personnel who were full-time students at the time of employment. A0326 (Stack) Technical –Unanimous Vote, A0327 (White) Omnibus Amendment for clarification purposes – Unanimous Vote

Banking and Insurance Committee 10/17/05

The Senate Banking and Insurance Committee met on Monday, October 17, 2005,   and took action as follows:

Reported Out as Amended (Unanimously)

Senate Bill 854 pn 1101   The legislation brings the state tax laws into compliance with federal tax laws regarding the treatment of Health Savings Accounts and Medical Savings Accounts.  Specifically, Contributions to Health Savings Accounts (HSAs) and distributions from HSAs for qualified medical expenses will be tax-free. A03102 (Technical) Unanimous Vote

Banking and Insurance Committee 9/20/05

The Senate Banking and Insurance Committee met on September 20, 2005,  and took action as follows:

Reported Out as Committed (Unanimously)

House Bill 1261, pn 1487 (Rep. O’Neill)  The bill amends Title 51 (Military Affairs) providing for deferred motor vehicle coverage.  Unanimous Vote.

Banking and Insurance Committee 7/2/05

The Senate Banking and Insurance Committee met on Saturday, July 2, 2005, and took action as follows:

Reported Out as Amended (Unanimously)

House Bill 107 pn 1922 (Payne)   This bill authorizes the establishment and maintenance of health savings accounts and provides for special tax provisions for such accounts.

Banking and Insurance Committee 6/2205

The Senate Banking and Insurance Committee met on Wednesday, June 22, 2005, and took action as follows:

Reported Out as Committed:

Senate Bill 260 pn 264 (Armstrong)   The bill establishes the Interstate Insurance Product Regulation Compact Establishment Act which provides uniform standards for the individual and group annuity, life insurance, disability income insurance and long term care insurance. Vote: Unanimous