Senate Bill 1415 and House Bills 2353 and 2340

Senate Banking and Insurance Committee

September 16, 2014
12:30 p.m.
Room 461


SB 1415 (Eichelberger) | Summary Amends the Insurance Department Law of 1921 to establish parity with state and federal law, which will give Federal Florne Loan Banks (FHLBank) special collateral protections during insurance company insolvencies.

  • Amendment A09418 Summary — Corrects drafting errors and corrects citations within the definitions of “Federal Home Loan Bank” and “Federal Home Loan Bank Act.”

HB 2353 (Evankovich) Summary – Amends the Insurance Department Law of 1921 to establish parity with state and federal law, which will give Federal Home Loan Banks (FHLBank) special collateral protections during insurance company insolvencies.

HB 2340 (Kampf) Summary – Amends the Insurance Company Law of 1921 to allow medical malpractice reciprocal insurance exchanges to reorganize and covert into stock insurance companies.