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House Amendment 1
H 4869 - Session 125 (2023-2024)
Department of Insurance procedures
The Committee on Labor, Commerce and Industry proposes the following amendment (LC-4869.WAB0002H):
Amend the bill, as and if amended, SECTION 3, by striking Section 38-13-10(B) and inserting:
(B) The director or his examiners may conduct a market conduct examination whenever the director considers it appropriate based on the market analysis or practices of the insurer or HMO or other licensee as authorized by this title. The director or his designee has the discretion to conduct full scope or targeted, on-site market conduct examinations in accordance with the NAIC Market Regulation Handbook and other market analysis tools. The director is authorized to determine the frequency, depth and timing of market conduct examinations and may schedule and coordinate multiple examinations simultaneously or participate in multistate examinations.