SB 508-10_ Filed 04/05/2005, 07:15 Ripley


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[
HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 508 be amended to read as follows:

    Page 27, after line 10 , begin a new paragraph and insert:
    "SECTION 15. IC 27-7-2-3 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 3. (a) After July 1, 1935, every insurance company authorized to effect worker's compensation insurance in this state shall be a member of the worker's compensation rating bureau of Indiana. The bureau shall be composed of all insurance companies lawfully engaged on July 1, 1935, wholly or in part in making worker's compensation insurance in Indiana or who shall after July 1, 1935, be issued a certificate of authority to make worker's compensation insurance in this state.
    (b) Notwithstanding any provision in this chapter to the contrary:
        (1) the meetings of the bureau are open to the public under IC 5-14-1.5; and
        (2) the records of the bureau are open to the public for inspection and copying under IC 5-14-3.

    SECTION 16. IC 27-7-2-5 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 5. (a) Subject to the terms of subsection (b) of this section, the management of said bureau shall be in the hands of duly elected officers or committees provided for in the bylaws of said bureau; each member of the bureau or member group with affiliate or subsidiary companies shall be entitled to only one (1) vote on any subject coming before the bureau for determination.
    (b) All actions by the bureau are void unless approved in

writing by the commissioner. Notwithstanding any provision in this chapter to the contrary, the bureau may not enter into a contract unless the contract has been approved in writing by the commissioner".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 508 as printed March 25, 2005.)

________________________________________

Representative RIPLEY


RH 050803/DI jh
2005