This bill expands the maximum board size for farm mutual insurers from 11 directors to 15 directors, giving these companies more flexibility in structuring their leadership. The bill also clarifies that only individuals who are members of the insurer or its affiliates can serve as directors, ensuring board members have a financial stake in the company's performance.
AI-generated summary
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
Dist. SD-008
Prime sponsor · Rep
R
Dist. HD-008
cosponsor · Rep
R
Dist. HD-002
cosponsor · Rep
D
Dist. HD-026
Liz Larson
cosponsor · Sen
D
Dist. SD-010
cosponsor · Rep
D
Dist. HD-032
cosponsor · Sen
R
Dist. SD-007
Tim Reisch
cosponsor · Rep
R
Dist. HD-008
Timothy Goodwin
cosponsor · Rep
R
Dist. HD-030
Do Pass
Do Pass
Do Pass
Do Pass
Do Pass