HB1119 clarifies that farm mutual insurance company board members must be members of the insurer itself or of any affiliated company, expanding the current requirement that only focused on the specific insurer. The bill also defines "affiliate" to include any related entity that controls, is controlled by, or shares common control with the insurance company, making it clearer who qualifies as an eligible board member.
The amendment increases the maximum number of directors a farm mutual insurer can have from eleven to fifteen, and makes clarifying language edits (changing "shall" to "must," fixing a typo "Whetherit" to "Whether," and improving pronoun usage), which BROADENS the board composition flexibility while maintaining the same regulatory intent. The enrolled version also adds standard legislative enactment language and certification pages required for final passage.
Signed by the Governor H.J. 496
Delivered to the Governor H.J. 480
Signed by the President S.J. 434
Signed by the Speaker H.J. 462
Senate Do Pass Passed, YEAS 33, NAYS 0. S.J. 399
Commerce and Energy Certified uncontested, placed on consent S.J. 13
Commerce and Energy Do Pass Passed, YEAS 7, NAYS 0. S.J. 13
Commerce and Energy Scheduled for hearing
Senate Referred to Senate Commerce and Energy S.J. 199
First Reading Senate S.J. 182
House of Representatives Do Pass Passed, YEAS 65, NAYS 2. H.J. 208
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Passed, YEAS 13, NAYS 0.
Commerce and Energy Scheduled for hearing
House of Representatives Referred to House Commerce and Energy H.J. 136
First Reading House H.J. 124
Prime sponsor · Sen.
R
Prime sponsor · Rep.
R
Do Pass
Commerce and Energy — Do Pass
Do Pass
Commerce and Energy — Do Pass