INTERSTATE INS REG COMPACT Senate SponsorsSen. William R. Haine, Bill Brady and Dale A. Righter House Sponsors(Rep. Frank J. Mautino-Jim Watson-JoAnn D. Osmond and Karen A. Yarbrough) 11/30/2010SenatePublic Act . . . . . . . . . 96-1481 New ActCreates the Interstate Insurance Product Regulation Compact. Provides that the purposes of the Compact include the promotion and protection of the interests of consumers of individual and group annuity, life insurance, disability income, and long-term care insurance products. Creates the Interstate Insurance Product Regulation Commission to develop uniform standards for insurance products covered under the Compact, establish a central clearing house to receive and provide prompt review of insurance products covered under the Compact, provide appropriate regulatory approval, and improve coordination of regulatory resources and expertise between state insurance departments. Effective immediately.Senate Committee Amendment No. 1 Changes a reference of "Secretary of Financial and Professional Regulation" to "Director of Insurance".Governor Amendatory Veto Message Proposes to change the effective date from immediately to July 1, 2011. 1/12/2010SenateFiled with Secretary by Sen. William R. Haine 1/12/2010SenateFirst Reading 1/12/2010SenateReferred to Assignments 2/10/2010SenateAssigned to Insurance 2/18/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine 2/18/2010SenateSenate Committee Amendment No. 1 Referred to Assignments 2/23/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance 2/24/2010SenateSenate Committee Amendment No. 1 Adopted 2/24/2010SenateDo Pass as Amended Insurance; 011-000-000 2/24/2010SenatePlaced on Calendar Order of 2nd Reading February 25, 2010 2/24/2010SenateAdded as Co-Sponsor Sen. Bill Brady 3/4/2010SenateSecond Reading 3/4/2010SenatePlaced on Calendar Order of 3rd Reading March 9, 2010 3/9/2010SenateAdded as Co-Sponsor Sen. Dale A. Righter 3/9/2010SenateThird Reading - Passed; 056-000-000 3/10/2010HouseArrived in House 3/10/2010HouseChief House Sponsor Rep. Julie Hamos 3/10/2010HousePlaced on Calendar Order of First Reading 3/10/2010HouseFirst Reading 3/10/2010HouseReferred to Rules Committee 3/22/2010HouseAssigned to Insurance Committee 4/13/2010HouseAlternate Chief Sponsor Changed to Rep. Frank J. Mautino 4/20/2010HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough 4/20/2010HouseDo Pass / Short Debate Insurance Committee; 020-000-000 4/21/2010HousePlaced on Calendar 2nd Reading - Short Debate 4/22/2010HouseSecond Reading - Short Debate 4/22/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/23/2010HouseThird Reading - Short Debate - Passed 109-000-000 4/23/2010SenatePassed Both Houses 4/23/2010HouseAdded Alternate Chief Co-Sponsor Rep. Jim Watson 4/23/2010HouseAdded Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond 5/21/2010SenateSent to the Governor 7/20/2010SenateGovernor Amendatory Veto 11/4/2010SenatePlaced on Calendar Amendatory Veto November 16, 2010 11/4/2010SenateMotion Filed Override Amendatory Veto Sen. William R. Haine 11/16/2010Senate3/5 Vote Required 11/16/2010SenateOverride Amendatory Veto - Senate Passed 049-000-000 11/18/2010HouseArrived in House 11/18/2010HousePlaced on Calendar Amendatory Veto November 29, 2010 11/29/2010HouseMotion Filed Override Amendatory Veto Rep. Frank J. Mautino 11/29/2010House3/5 Vote Required 11/29/2010HouseOverride Amendatory Veto - House Passed 111-000-000 11/29/2010SenateAmendatory Veto Overridden Both Houses 11/30/2010SenateEffective Date November 29, 2010 11/30/2010SenatePublic Act . . . . . . . . . 96-1481