NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

The LFC is only preparing FIRs on bills referred to the Senate Finance Committee, the Senate Ways and Means Committee, the House Appropriations and Finance Committee and the House Taxation and Revenue Committee. The chief clerks are responsible for preparing and issuing all other bill analyses.

Only the most recent FIR version, excluding attachments, is available on the Internet/Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Room 416 of the State Capitol Building.

(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates/Conflicts with/Companion to/Relates to

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

The bill proposes creation of a "Commission on Insurance Legislation" to educate, inform and nationally represent legislators on matters of insurance and insurance regulation. The Legislative Council would appoint three members from the Senate and three members from the House to serve on the Commission for two-year terms. The Commission would report annually to the Legislative Council.

FISCAL IMPLICATIONS

The bill appropriates no funds for reimbursement of Commission members under the provisions of the state's Per Diem and Mileage Act.

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