View Amendment Current Amendment: 1 to Bill 3587 The Committee on Labor, Commerce and Industry proposes the following Amendment No. to H. 3587 (COUNCIL\CZ\3587C001.NBD.CZ19):

Reference is to the bill as introduced.

Amend the bill, as and if amended, by striking Section 38-21-10(7), as contained in SECTION 3, and inserting:

/      (7)      The term 'internationally active insurance group' means an insurance holding company system that includes an insurer registered pursuant to Sections 38-21-143 through 38-21-240 and meets the following criteria:
           (a)      premiums written in at least three countries;
           (b)      the percentage of gross premiums written outside the United States is at least ten percent of the insurance holding company system's total gross written premiums; and
           (c)      based on a three-year rolling average, the total assets of the insurance holding company system are at least fifty billion dollars or the total gross written premiums of the insurance holding company systems are at least ten billion dollars.            /

Renumber sections to conform.
Amend title to conform.