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Proposed Pennsylvania Senate Legislation SB1222

Legislation Overview

Title: In insurance holding companies, further providing for definitions, for acquisition of control of or merger or consolidation with domestic insurer and for registration of insurers, providing for group capital calculation exemptions, further providing for standards and management of an insurer within an insurance holding company system, for group-wide supervision for international insurance groups and for confidential treatment and providing for compliance with group capital calculation and liquidity stress test requirements.

Subject:

Description: An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in insurance holding companies, further providing for definitions, for acquisition of control of or merger or consolidation with domestic insurer and for registration of insurers, providing for group capital calculation exemptions, further providing for standards and management of an insurer within an insurance holding company system, for group-wide supervision for international insurance groups and for confidential treatment and providing for compliance with group capital calculation and liquidity stress test requirements.

Session: 2021-2022 Regular Session

Last Action: Referred to INSURANCE

Last Action Date: June 8, 2022

Link: https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2021&sind=0&body=S&type=B&bn=1222

Sponsors

Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.

7 sponsors: Giovanni DiSanto (R); Sharif Street (D); Kristin Phillips-Hill (R); Amanda Cappelletti (D); Joe Pittman (R); Wayne Fontana (D); John Kane (D)

History

Chamber	Date	Action
Senate	Jun 8, 2022	Third consideration and final passage (49-0)
House	Jun 8, 2022	In the House
House	Jun 8, 2022	Referred to INSURANCE
Senate	Jun 7, 2022	Re-reported as committed
Senate	Jun 6, 2022	Re-referred to APPROPRIATIONS
Senate	Jun 6, 2022	Second consideration
Senate	May 24, 2022	First consideration
Senate	May 24, 2022	Reported as committed
Senate	May 16, 2022	Referred to BANKING AND INSURANCE

Texts

Type	Date	State Link	Text
Introduced	not available	state bill text	bill text

Votes - Click on description to view vote roll call

Description	Vote Date	Yea Votes	Nay Votes	Absent	Passed	Rating	Comments
Senate Floor: SB 1222 PN 1646, Final Passage	06/8/2022	49	0	1	Yes
Argall, David (R ) Yea Aument, Ryan (R ) Yea Baker, Lisa (R ) Yea Bartolotta, Camera (R ) Yea Boscola, Lisa (D ) Yea Brewster, James (D ) Yea Brooks, Michele (R ) Yea Browne, Patrick (R ) Yea Collett, Maria (D ) Yea Comitta, Carolyn (D ) Yea Corman, John (R ) Yea Costa, Jay (D ) Yea DiSanto, John (R ) Yea Dush, Christopher (R ) Yea Fontana, Wayne (D ) Yea Gordner, John (R ) Yea Haywood, Arthur (D ) Yea Hughes, Vincent (D ) Yea Hutchinson, Scott (R ) Yea Kearney, Timothy (D ) Yea Langerholc, Wayne (R ) Yea Laughlin, Daniel (R ) Yea Martin, Scott (R ) Yea Mastriano, Doug (R ) Yea Mensch, Robert (R ) Yea Muth, Katie (D ) Yea Phillips-Hill, Kristin (R ) Yea Pittman, Joe (R ) Yea Regan, Mike (R ) Yea Santarsiero, Steven (D ) Yea Scavello, Mario (R ) Yea Schwank, Judy (D ) Yea Stefano, Patrick (R ) Yea Street , Sharif (D ) Yea Tartaglione, Christine (D ) Yea Tomlinson, Robert (R ) Yea Vogel, Elder (R ) Yea Ward, Judith (R ) Yea Ward, Kim (R ) Yea Williams, Anthony (D ) Absent Williams, Lindsey (D ) Yea Yaw, Gene (R ) Yea Yudichak, John (I ) Yea
resort votes by: party yeas nays name
Senate Appropriations: Re-Reported as Committed	06/7/2022	24	0	0	Yes
Argall, David (R ) Yea Aument, Ryan (R ) Yea Browne, Patrick (R ) Yea Corman, John (R ) Yea Costa, Jay (D ) Yea Haywood, Arthur (D ) Yea Hughes, Vincent (D ) Yea Kearney, Timothy (D ) Yea Langerholc, Wayne (R ) Yea Laughlin, Daniel (R ) Yea Martin, Scott (R ) Yea Mensch, Robert (R ) Yea Phillips-Hill, Kristin (R ) Yea Pittman, Joe (R ) Yea Santarsiero, Steven (D ) Yea Schwank, Judy (D ) Yea Stefano, Patrick (R ) Yea Street , Sharif (D ) Yea Vogel, Elder (R ) Yea Ward, Kim (R ) Yea
resort votes by: party yeas nays name
Senate Banking And Insurance: Reported as Committed	05/24/2022	13	0	0	Yes
Baker, Lisa (R ) NV Boscola, Lisa (D ) Yea Brewster, James (D ) Yea Corman, John (R ) Yea DiSanto, John (R ) Yea Laughlin, Daniel (R ) Yea Phillips-Hill, Kristin (R ) Yea Pittman, Joe (R ) Yea Street , Sharif (D ) Yea Tartaglione, Christine (D ) Yea Vogel, Elder (R ) Yea Yaw, Gene (R ) Yea
resort votes by: party yeas nays name