Bill Text - HB102 (2011)

Establishing a committee to study merging the insurance department, banking department, and securities division of the office of the secretary of state.


Revision: Jan. 3, 2011, midnight

HB 102 – AS INTRODUCED

2011 SESSION

11-0493

01/05

HOUSE BILL 102

AN ACT establishing a committee to study merging the insurance department, banking department, and securities division of the office of the secretary of state.

SPONSORS: Rep. Marshall Quandt, Rock 13; Rep. Matt Quandt, Rock 13; Rep. Shuler, Rock 11; Sen. Carson, Dist 14

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill establishes a committee to study merging the insurance department, banking department, and securities division of the office of the secretary of state.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11-0493

01/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT establishing a committee to study merging the insurance department, banking department, and securities division of the office of the secretary of state.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Committee Established. There is established a committee to study merging the insurance department, banking department, and securities division of the office of the secretary of state.

2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three members of the house of representatives, appointed by the speaker of the house of representatives.

(b) Two members of the senate, appointed by the president of the senate.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

3 Duties. The committee shall study merging the insurance department, banking department, and securities division of the office of the secretary of state. The committee may solicit information from any source deemed relevant to its study.

4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Three members of the committee shall constitute a quorum.

5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2011.

6 Effective Date. This act shall take effect upon its passage.