Bill: SB 2179, 85(R) - 2017
Committee
Senate Business & Commerce
2nd Chamber Committee
House Insurance
Companion Bill
HB 3543
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Author(s)
Larry Taylor
Sponsor(s)
Geanie Morrison
Bill Caption
Relating to the applicability of certain insurance laws to certain farm mutual insurance companies.
Fiscal Notes
No significant fiscal implication to the state is anticipated
Bill Analysis
SB 2179 would establish a definition of "fronting insurer" and exempt a farm mutual insurance company, that is not a fronting insurer, from paying property and casualty insurance premium taxes.
Vote Recommendation Notes
This bill attempts to address the problem of insurance companies using a farm mutual as a fronting company to take advantage of the benefits afforded farm mutual companies. By adding clarifying information on these benefits preventing abuse, this bill represents a largely procedural change which neither uplifts nor offends our principles, therefore we remain neutral.
Organizations Supporting
AFACT
