Prepared by the Divisions of Research, Computer Information Systems and Administration of the *** SB 2 *** SPONSOR: Hegeman HANDLER: Falkner SS/SB 2 - This act modifies the Missouri Works program to provide that, for qualified military projects, the benefit shall be based on part-time and full-time jobs created by the project. This act contains an emergency clause. This act is identical to provisions contained in SS/SCS/SB 120 (2021) and is substantially similar to SB 1057 (2020) and to provisions contained in HCS/SS#2/SB 704 (2020), SS/SCS/SB 718 (2020), and SS#2/SCS/HCS/HB 1854 (2020). JOSH NORBERG *** SB 5 *** SPONSOR: Wieland HANDLER: Ruth SB 5 - Under current law, no advanced industrial manufacturing (AIM) zone may be established after August 28, 2023. This act extends such date to August 28, 2030. This act is identical to SB 636 (2020) and HB 2334 (2020), and to a provision contained in HCS/SS/SCS/SB 570 (2020), HCS/SS/SCS/SB 594 (2020), HCS/SB 686 (2020), HCS/SCS/SB 725 (2020), HCS/SB 782 (2020), and HCS/SCS/SB 867 (2020), and is substantially similar to HB 249 (2021) and to a provision contained in SCS/SB 174 (2021), HCS/SB 38 (2021), HCS/SS/SB 46 (2021), and HCS/SS/SB 89 (2021). JOSH NORBERG *** SB 6 *** SPONSOR: Wieland HANDLER: Hill HCS/SS/SB 6 - This act enacts provisions relating to insurance. OPERATION OF STATE-OWNED VEHICLES (Section 41.201) This act provides that service members of the Missouri National Guard shall be considered as state employees for the purposes of operating state-owned vehicles for official state business unless the members are called into active federal military service by order of the President of the United States. This provision is substantially similar to HB 391 (2021), provisions in the truly agreed to and finally passed SS/SB 258 (2021), and a provision in the truly agreed to and finally passed SS/SCS/SB 120 (2021). CERTIFICATES OF SELF-INSURANCE (Section 303.220) This act specifies that a religious denomination that has more than 25 members with motor vehicles and "discourages", rather than "prohibits", its members from purchasing insurance, as being contrary to its religious tenets, may obtain a certificate of self-insurance from the Director of the Department of Revenue. This provision is identical to a provision in the truly agreed to and finally passed SCS/HB 604 (2021), a provision in HCS/SB 29 (2021), SB 915 (2020), and HB 1851 (2020). MOTOR CLUBS (Sections 304.153, 385.220, 385.320, and 385.450) Page: 1 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill This act modifies the existing definition of "motor club" to specify that such term includes entities providing services relating to motor travel, which may include but are not limited to towing services, emergency road services, bail bond services, discount services, theft services, map services, touring services, legal fee reimbursement services in the defense of traffic offenses, and participation in an accident and sickness or accidental death insurance benefit program. The act also specifies that fees collected from the sale of motor club contracts shall not be subject to premium tax, and provides that motor clubs complying with the provisions of the act shall not be subject to provisions governing insurance companies in this state. These provisions are identical to provisions in the truly agreed to and finally passed SS#2/HB 661 (2021), provisions in HCS/SS/SB 89 (2021), HCS/HB 630 (2021), SB 1013 (2020), and HB 2465 (2020). PETROLEUM STORAGE TANK INSURANCE FUND (Section 319.131) Under current law, the Petroleum Storage Tank Insurance Fund assumes costs of 3rd-party claims and cleanup of contamination caused by releases from petroleum storage tanks and pays legal defense costs for eligible 3rd-party claims. This act specifies that the legal defense costs are separate from other coverage limits and allows the Fund to set a limit for such coverage. These provisions are identical to SB 310 (2021), HB 974 (2021), provisions in the truly agreed to and finally passed SCS/HB 604 (2021), provisions in HCS/SB 29 (2021), provisions in HCS/HB 1436 (2021), and provisions in SB 546 (2021). LICENSURE OF INSURANCE PRODUCERS (Sections 375.018 and 384.043) This act provides that insurance producers' licenses and insurance producers' surplus lines licenses shall be renewed every 2 years on the producer's birth date, rather than every 2 years on the anniversary of the license being issued. These provisions are identical to HB 1156 (2021) and provisions in the truly agreed to and finally passed HCS/SB 29 (2021), and substantially similar to SB 501 (2021). CONTINUING EDUCATION CREDITS FOR INSURANCE PRODUCERS (Section 375.029) This act specifies that an insurance producer's active participation in a local, regional, state, or national professional insurance association may be approved by the Director of the Department of Commerce and Insurance for up to four hours of continuing education credit per biannual reporting period. Credit granted under these provisions shall not be used to satisfy continuing education hours required to be in a classroom or classroom-equivalent setting, or to satisfy ethics education requirements. These provisions are identical to provisions in the truly agreed to and finally passed CCS/SS#2/SCS/HB 273 (2021) and provisions in the truly agreed to and finally passed SCS/HB 604 (2021), and substantially similar to SB 548 (2021), HB 1114 (2021), provisions in CCS/SB 9 (2021), provisions in HCS/SB 330 (2021), and HCS/HB 1647 (2020). CREDIT FOR REINSURANCE AS AN ASSET OR REDUCTION FROM LIABILITY OF AN INSURER (Section 375.246) The act authorizes the Director of the Department of Commerce and Insurance to promulgate certain Page: 2 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill rules, as specified in the act, to establish requirements relating to or setting forth the valuation of assets or reserve credits, the amount and forms of security supporting reinsurance agreements described in the act, or the circumstances under which credit will be reduced or eliminated. (Sections 375.246.1 and 375.246.2) In addition to as currently provided by law, credit for reinsurance shall be allowed when the reinsurance is ceded to an assuming insurer meeting certain conditions. (Section 375.246.1(6)(a)) The assuming insurer shall have its head office or be domiciled in, as applicable, and licensed in a reciprocal jurisdiction, as such term is defined in the act. (Section 375.246.1(6)(a)a) The assuming insurer shall have and maintain minimum capital and surplus, or its equivalent, calculated according to the methodology of its domiciliary jurisdiction in an amount to be set forth by the Director by rule. If the assuming insurer is an association, it shall maintain the same, net of liabilities, and a central fund containing an amount to be set forth by rule. (Section 375.246.1(6)(a)b) The assuming insurer shall have and maintain a minimum solvency or capital ratio, as applicable, which shall be set forth by rule. If the assuming insurer is an association, it shall have and maintain a minimum solvency and capital ratio in the reciprocal jurisdiction where the insurer has its head office or is domiciled, as applicable, and is also licensed. (Section 375.246.1(6)(a)c) The assuming insurer shall agree and provide adequate assurance to the Director that it will provide prompt written notice and explanation to the Director if it falls below minimum capital and surplus requirements outlined in the act, or if any regulatory action is taken against it for serious noncompliance with the law. The assuming insurer shall consent in writing to the jurisdiction of the courts of this state and to the appointment of the Director as agent for service of process. The Director may require that the consent for service of process be provided for and included in each reinsurance agreement. These provisions shall not alter the capacity of the parties to a reinsurance agreement to agree to enforceable alternative dispute resolution mechanisms. The assuming insurer shall consent in writing to pay all final judgments obtained by a ceding insurer or its legal successor, where enforcement is sought, which have been declared enforceable in the jurisdiction where the judgment was obtained. Each reinsurance agreement shall require the assuming insurer to provide security, in an amount equal to 100% of the assuming insurer's liabilities attributable to reinsurance under the agreement, if the assuming insurer resists enforcement of an enforceable final judgment or arbitration award. The assuming insurer shall confirm that it is not presently participating in any solvent scheme of arrangement involving this state's ceding insurers, and shall agree to notify the ceding insurer and the Director and to provide security as specified by rule in an amount equal to 100% of the assuming insurer's liabilities to the ceding insurer should the assuming insurer enter into such a solvent scheme of arrangement. (Section 375.246.1(6)(a)d) The assuming insurer or its legal successor shall provide, if requested by the Director, certain documentation as specified by rule. (Section 375.246.1(6)(a)e) The assuming insurer shall maintain a practice of prompt payment of claims under reinsurance agreements as specified by rule. (Section 375.246.1(6)(a)f) The assuming insurer's supervisory authority shall confirm to the Director on an annual basis that the assuming insurer complies with the minimum capital and surplus or solvency or capital ratio requirements specified in this act. (Section 375.246.1(6)(a)g) Nothing in these provisions precludes an assuming insurer from providing the Director with information on a voluntary basis. (Section 375.246.1(6)(a)h) This act requires the Director to create and publish a list of reciprocal jurisdictions. (Section 375.246.1(6)(b)) The Director's list shall contain any jurisdiction meeting the definitions provided in the act and shall consider any other reciprocal jurisdiction included on the list published by the National Association of Insurance Commissioners (NAIC). The Director may approve additional jurisdictions under rules promulgated by the Director. (Section 375.246.1(6)(b)a) The Director may remove a jurisdiction from the list upon a determination that the jurisdiction no longer meets the requirements of a Page: 3 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill reciprocal jurisdiction, except that the Director shall not remove a non-United States jurisdiction that is subject to a covered agreement, as defined in the act, or a United States jurisdiction that meets the requirements for NAIC accreditation. (Section 375.246.1(6)(b)b) The Director shall create and publish a list of assuming insurers that have satisfied the conditions set forth in this act and to which cessions shall be granted credit as specified in the act. The Director may add an assuming insurer to the list if an NAIC accredited jurisdiction has added the assuming insurer to such a list, or if the eligible assuming insurer submits certain information to the Director, as provided in the act, and complies with any additional requirements the Director may adopt that are not in conflict with an applicable covered agreement. (Section 375.246.1(6)(c)) If the Director determines an assuming insurer no longer meets one or more requirements for recognition under the act, the Director may revoke or suspend the insurer's eligibility for recognition in accordance with the act. (Section 375.246.1(6)(d)) While an assuming insurer's eligibility is suspended, no reinsurance agreement issued, amended, or renewed after the date of suspension shall qualify for credit, except to the extent that the assuming insurer's obligations are secured as provided by law. (Section 375.246.1(6)(d)a) If an assuming insurer's eligibility is revoked, no credit for reinsurance may be granted after the effective date of revocation with respect to any reinsurance agreement entered into by the insurer, before or after the revocation, except to the extent the insurer's obligations are secured as provided by law. (Section 375.246.1(6)(d)b) If subject to a legal process of rehabilitation, liquidation, or conservation, as applicable, the ceding insurer or its representative may seek a court order requiring that the assuming insurer post security for all outstanding liabilities. (Section 375.246.1(6)(e)) Nothing in this act shall limit or in any way alter the capacity of parties to a reinsurance agreement to agree on requirements for security or other terms in that reinsurance agreement, except as expressly prohibited by law. (Section 375.246.1(6)(f)) Credit may be taken under this act only for reinsurance agreements entered into, amended, or renewed on or after December 31, 2021, and only with respect to losses incurred and reserves reported on or after the later of: the date on which the assuming insurer has met applicable eligibility requirements, or the effective date of the new reinsurance agreement, amendment, or renewal. (Section 375.246.1(6)(g)) Nothing in this act shall alter or impair a ceding insurer's right to take credit for reinsurance under the act as long as the reinsurance qualifies for credit under another applicable provision of law. (Section 375.246.1(6)(g)a) Nothing in this act shall limit or in any way alter the capacity of parties to any reinsurance agreement to renegotiate the agreement. (Section 375.246.1(6)(g)b) The act authorizes the Director to adopt rules and regulations applicable to reinsurance agreements relating to certain life insurance policies, variable annuities with guaranteed benefits, long-term care insurance policies, and such other life and health insurance and annuity products as to which the NAIC adopts model rules with respect to credit for reinsurance. (Section 375.246.4(2)(a)) A rule adopted under these provisions regarding life insurance policies may apply to any treaty containing policies issued on or after January 1, 2015, or policies issued prior to January 1, 2015, if risk pertaining to such pre-2015 policies is ceded in connection with a treaty on or after January 1, 2015. (Section 375.246.4(2)(b)) A rule adopted under these provisions may require the ceding insurer, in calculating the amounts or forms of security required to be held, to use the NAIC valuation manual to the extent applicable. (Section 375.246.4(2)(c)) Regulations adopted under this authority shall not apply to an assuming insurer that: Page: 4 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill meets the conditions set forth in this act or, if this state has not fully implemented the provisions of this act, is operating in at least 5 states that have implemented the provisions of this act; is certified in this state; or maintains at least $250,000,000 in capital and surplus as specified in the act and is licensed in at least 26 states, or licensed in at least 10 states and licensed or accredited in at least 35 states. (Section 375.246.4(2)(d)) The authority to adopt regulations under these provisions does not limit the Director's authority to otherwise adopt regulations relating to credit for reinsurance. (Section 375.246.4(2)(e)) These provisions are substantially similar to provisions in the truly agreed to and finally passed SCS/HB 604 (2021), HB 249 (2021), provisions in HCS/SB 29 (2021), SB 634 (2020), HB 1619 (2020), and provisions in HCS/SB 551 (2020). ASSOCIATION HEALTH PLANS (Section 376.421) This act repeals the requirements that in order for an association to be issued a policy of group health insurance, the association shall have been organized and maintained for purposes other than obtaining health insurance, and that the association shall have been in existence for at least 2 years. This provision is identical to SB 475 (2021). ISSUANCE OF FUNDING AGREEMENTS (Section 376.2080) This act specifies that life insurance companies may issue funding agreements, defined in the act as an agreement for an insurer to accept and accumulate funds and to make one or more payments at future dates in amounts not based on mortality or morbidity contingencies of the person to whom the funding agreement is issued. Funding agreements shall not be deemed to constitute a security. The issuance of a funding agreement shall be deemed to be doing insurance business. These provisions are identical to provisions in the truly agreed to and finally passed SCS/HB 604 (2021), and substantially similar to provisions in SB 90 (2021), provisions in HCS/SB 29 (2021), HCS/HB 240 (2021), SB 698 (2020), and HB 1618 (2020). EXPLANATIONS OF REFUSAL TO WRITE AUTOMOBILE INSURANCE (Section 379.120) Under current law, if any insurer refuses to write a policy of automobile insurance, the insurer must send to the applicant a written explanation of the refusal which clearly states the reason for the refusal and that the applicant may be eligible for coverage through the assigned risk plan if other insurance is not available. This act exempts insurers from these requirements if the applicant is written on a policy of insurance issued by an affiliate or subsidiary insurer within the same insurance holding company system. These provisions are identical to SB 294 (2021), provisions in the truly agreed to and finally passed SCS/HB 604 (2021), and SB 1074 (2020). GROUP PERSONAL LINES PROPERTY AND CASUALTY INSURANCE (Sections 379.1800 to 379.1824) The act specifies that no policy of group personal lines property and casualty insurance shall be issued or delivered in the state unless it conforms to one of the categories described in the act. (Section 379.1800.1) The act describes policies issued to an employer or trustees of a fund established by an employer Page: 5 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill (Section 379.1800.1(1)), policies issued to a labor union or similar employee organization (Section 379.1800.1(2)), policies issued to a trust, or trustees of a fund, established by two or more employers or by one or more labor unions or similar employee organizations or by a combination thereof (Section 379.1800.1(3)), and policies issued to an association or to a trust, or trustees of a fund, established for the benefit of members of one or more associations. (Section 379.1800.1(4)) For each, the act specifies persons' eligibility for coverage under the policies, and the sources of funds from which the policy premiums may be paid. For policies issued for the benefit of an association or associations, the act further requires that the association or associations have at the outset least 100 members, have been organized and maintained in good faith for purposes other than obtaining insurance, and have been in active existence for at least 1 year. (Section 379.1800.1(4)) The association or associations' constitution and bylaws shall require that the association shall meet at least annually to further the purposes of the members, shall collect dues or solicit member contributions, and shall provide members with voting privileges and representation on the governing board and committees. (Section 379.1800.1(4)) Lastly, if compensation of any kind will be paid to the policyholder in connection with a group policy issued for the benefit of an association or associations, the insurer shall notify prospective insureds as required in the act. (Section 379.1800.1(4)(c)c) Group personal lines property and casualty insurance issued to a group other than one described above shall meet additional requirements. (Section 379.1800.2) No such policy shall be issued or delivered in this state unless the Director of the Department of Commerce and Insurance finds that the issuance of the group policy is not contrary to the best interest of the public, would result in economies of acquisition or administration, and that the benefits are reasonable in relation to the premiums charged. (Section 379.1800.2(1)) No policy issued or delivered in another state shall offer coverage in this state unless the Director, or another state with comparable requirements, determines these additional requirements have been met. (Section 379.1800.2(2)) Premiums for these plans shall be paid from funds that are contributed by the policyholder, by covered persons, or by both. (Section 379.1800.2(3)) If compensation is to be paid to the policyholder in connection with the group policy, the insurer shall notify prospective insureds as specified in the act. (Section 379.1800.2(4)) For all group personal lines property and casualty insurance, master policies shall be issued to the policyholders, and eligible employees or members insured under a master policy shall be issued certificates of coverage setting forth a statement as to the insurance protection to which they are entitled. (Section 379.1803.1) No master policy or certificate of insurance, nor any subsequent amendments to the policy forms, shall be issued or delivered in this state unless the forms and any amendments thereto have met the applicable filing requirements of this state. (Section 379.1803.2) The master policy shall set forth coverages, exclusions, and conditions of the insurance provided, together with the terms and conditions of the agreement between the policyholder and insurer, as provided in the act. (Section 379.1803.3) If the master policy provides for remittance of premiums by the policyholder, failure by the policyholder to remit premiums timely paid by an employee or member shall not be considered nonpayment of premium by the employee or member. (Section 379.1803.4) The master policy shall provide a basic package of coverages and limits that are available to all eligible employees or members, including at least the minimum coverages and limits required in the employee's or member's state of residence or in the state where the subject property is located, and may offer additional coverages or limits to qualified employees or members for an increased premium. (Section 379.1806.1) The master policy shall provide coverage for all eligible employees or members who elect coverage during their initial period of eligibility, which may be up to 31 days. Employees or members who do not elect coverage during the initial period and later request coverage shall be subject to Page: 6 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill the insurer's underwriting standards. (Section 379.1806.2) Coverage under a master policy may be reduced only as to all members of a class, and shall never be reduced to a level below the limits required by applicable law. (Section 379.1806.3) Coverage under the master policy may be terminated as to an employee or member only for reasons specified in the act. (Section 379.1806.4) If optional coverages or limits are required by law to be available, the policyholder's acceptance or rejection of them on behalf of the group shall be binding on the employees or members. If the policyholder rejects any coverages or limits that are required by law to be provided unless rejected by the named insured, notice of the rejection shall be given to the employees or members upon or before delivery of their certificates of coverage. (Section 379.1806.5) The act prohibits the stacking of coverages or limits under a master policy, except that state law shall apply with regard to the stacking of coverages for separate certificates of coverage issued to relatives living in the same household. (Section 379.1806.6) No master policy or certificate of insurance shall be issued or delivered in this state unless the rating plan and amendments thereto have met applicable filing requirements of this state. (Section 379.1809.1) Group insurance premium rates shall not be deemed to be unfairly discriminatory if adjusted to reflect past and prospective loss experience or group expense factors, or if averaged broadly among persons covered under the master policy. The rates likewise shall not be deemed unfairly discriminatory if they do not reflect individual rating factors including surcharges and discounts required for individual personal lines property and casualty policies. (Section 379.1809.2) Experience refunds or dividends may be paid to the policyholder of a group personal lines property and casualty policy if justified by the insurer's experience under that policy. However, if an experience refund or dividend is paid, it shall be applied for the sole benefit of the insured employees or members to the extent it exceeds the policyholder's contribution to premiums for the applicable period. (Section 379.1809.3) An insurer issuing or delivering group personal lines property and casualty insurance shall maintain separate statistics as to the loss and expense experience pertinent thereto. (Section 379.1812.1) No insurer shall issue or deliver a policy if purchasing insurance is a condition of employment or membership in the group, or if any employee or member shall be penalized for nonparticipation. (Section 379.1812.2) The act prohibits insurers from issuing or delivering a policy if the purchase is contingent on purchase of other insurance, product, or services, or on the purchase of additional coverage under the policy, except as specified in the act. (Section 379.1812.3) The insurer's experience from the policies shall be included in the determination of its participation in residual market plans. (Section 379.1812.4) For purposes of premium taxes, the insurer shall allocate premiums in accordance with the rules for individual personal lines policies, except that the allocation may be based on an annual survey of the insureds. Premiums shall be apportioned among states without differentiation between the source of payment. (Section 379.1812.5) The act requires persons acting as an insurance broker or agent in connection with the policies to be licensed in this state as an insurance producer, except as otherwise specified in the act (Section 379.1815.1), and provides that the signature of a licensed producer residing in this state shall not be required for issuance or delivery of a policy. (Section 379.1815.2) Regarding termination of coverage, the act requires insurers to give 30 days written notice, as specified in the act, to persons whose coverage is being terminated for reasons other than by their own request or a failure to pay premiums. (Section 379.1818.1) The employee or member whose coverage is terminated shall be entitled to be issued a comparable individual policy if he or she applies and pays the first premium within 30 days of receiving the notice. (Section 379.1818.2) These notice and replacement policy provisions shall not apply if the master policy is replaced within 30 days. (Section 379.1818.3) Page: 7 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill The act further requires insurers to be duly authorized, specifies that the act is not applicable to mass marketing of individual policies, excludes certain credit insurance, specifies that it does not apply to or modify motor vehicle insurance or any policies issued by nonadmitted insurers as provided by law, and provides that it shall not modify the authority of the Director with respect to consumer complaints or disputes. (Section 379.1821) These provisions shall take effect on January 1, 2022. A master policy or certificate of insurance that is lawfully in effect at that time shall comply with this act within 12 months of such date. (Section 379.1824) These provisions are similar to SB 209 (2021), provisions in the truly agreed to and finally passed SCS/HB 604 (2021), provisions in HCS/SB 29 (2021), HCS/SB 629 (2021), SB 843 (2020), HB 2085 (2020), provisions in HB 1634 (2020), and provisions in HCS/SB 551 (2020). INSURANCE HOLDING COMPANIES - GROUP CAPITAL RATIOS AND LIQUIDITY STRESS TESTS (Sections 382.010, 382.110, 382.176, 382.177, and 382.230) This act requires insurers subject to registration to file annual group capital calculations in accordance with National Association of Insurance Commissioners (NAIC) instructions. The report shall be filed with the Director of Insurance for the lead state for the holding company, as determined in accordance with NAIC procedures. The act exempts certain insurance holding companies from this requirement, as described in the act. (Section 382.176.1) The lead state Director of Insurance shall require group capital calculations for U.S. operation of any non-U.S. based insurance holding company where it is deemed appropriate for oversight, solvency monitoring, and marketplace competitiveness purposes. (Section 382.176.2) The lead state Director may exempt or accept limited filings from insurers under the act in accordance with criteria specified by regulation. (Section 382.176.3) If the lead state Director of Insurance determines a holding company system no longer qualifies for an exemption under the act, the holding company shall file the group capital calculation at the next filing date unless given an extension by the Director. (Section 382.176.4) Insurers subject to registration and also within the scope of the NAIC liquidity stress test framework shall file the results of a specific year's liquidity stress test with the lead state Director of Insurance as determined by NAIC procedures, as described in the act. (Section 382.177) The act specifies that information, documents and copies obtained by or provided to the Director of Insurance or any other person in the course of certain examinations, investigations, or reports shall be considered proprietary and to contain trade secrets. The Director of Insurance shall maintain the confidentiality of the group capital calculation, and the group capital ratio produced within the calculation, and any group capital information received from a holding company supervised by the Federal Reserve Board or any U.S. group-wide supervisor. For purposes of information received for a liquidity stress test, the Director shall maintain the confidentiality of the liquidity stress test results, supporting disclosures, and any liquidity stress test information received from an insurance holding company supervised by the Federal Reserve Board and non-U.S. group-wide supervisors. (Section 382.230.1) The act modifies provisions specifying with whom and under what circumstances the Director may share and receive proprietary and trade secret information, including with regard to subsidiaries and affiliates of the NAIC, and third-party consultants designated by the Director. (Section 382.230.3) Page: 8 *** SB 6 *** (Cont'd) SPONSOR: Wieland HANDLER: Hill Lastly, the act specifies that the group capital calculation and resulting group capital ratio, and the liquidity stress test and its results and supporting disclosures, are regulatory tools for assessing risk and solvency, and are not intended as a means to rank insurers or holding companies. The act accordingly prohibits statements and notices containing representations of this information or associated calculations; provided however, that an insurer may publish announcements in a written publication to rebut statements shown to the Director to be materially false regarding this information. (Section 382.230.7) These provisions are identical to HCS/HB 1126 (2021). ERIC VANDER WEERD *** SB 26 *** SPONSOR: Eigel HANDLER: Schroer CCS#2/HCS/SS/SCS/SB 26 - This act modifies provisions relating to public safety. DEPARTMENT OF CORRECTIONS (Sections 56.380, 56.455, 105.950, 149.071, 149.076, 214.392, 217.010, 217.030, 217.250, 217.270, 217.362, 217.364, 217.455, 217.541, 217.650, 217.655, 217.690, 217.692, 217.695, 217.710, 217.735, 217.829, 217.845, 549.500, 557.051, 558.011, 558.026, 558.031, 558.046, 559.026, 559.105, 559.106, 559.115, 559.125, 559.600, 559.602, 559.607, 566.145, 571.030, 575.205, 575.206, 589.042, 650.055, & 650.058) This act replaces the "Department of Corrections and Human Resources" with "Department of Corrections" and the "board of probation and parole" with the "Division of Probation and Parole" or the "Parole Board". This act also adds that the chairperson of the board shall employ employees as is necessary to carry out duties, serve as the appointing authority over such employees, and provide for appropriate training to members and staff. This act repeals the provision that the chairperson of the board shall also be the Director of the Division of Probation and Parole. These provisions are substantially similar to SB 862 (2020). These provisions are identical to provisions in SS/SB 212 (2021). LOCAL LAW ENFORCEMENT BUDGETS (Section 67.030) Under current law, the governing body of each political subdivision may revise, alter, increase, or decrease items in a proposed budget. This act provides that any taxpayer of a political subdivision may initiate an action for injunctive relief, which the court shall grant, if the governing body of such political subdivision decreases the budget for its law enforcement agency, excluding school officers of school districts, by an amount exceeding more than 12% relative to the proposed budgets of other departments of the political subdivision over a five year aggregate amount. These provisions are identical to provisions in SCS/SB 66 (2021). BATTERY-CHARGED FENCES (Section 67.301) This act provides that no city, county, town, village, or political subdivision may adopt or enforce an ordinance, order, or regulation that requires a permit for the installation or use of a battery-charged fence in addition to an alarm system permit issued by such city, county, town, village, or political subdivision. Page: 9