,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #abih  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #b1 #bjai,mr4     
,scott ( ,s\? ,c>ol9a 7= himself & ,mr4 
,jones7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f9ancial ,/ability  
,act ( #bjaj to include ! ,/ate         
insurance commission] z a vot+ memb] ( !
 ,f9ancial ,/ability ,ov]sight ,c\ncil1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,prim>y ,regulators
 ( ,insurance ,vote ,act ( #bjai4  #b4  
,e/abli%m5t ( ,/ate insurance           
commission] z a vot+ memb] ( ! ,f9ancial
 ,/ability ,ov]sight ,c\ncil  7a7 ,9    
g5]al ,section #aaa ( ! ,f9ancial       
,/ability ,act ( #bjaj 7#ab ,u4,s4,c4   
#ecba7 is am5d$-- 7#a7 9 subsection     
7b7-- 7,a7 9 p>agraph 7#a7-- 7i7 by     
r$esignat+ subp>agraph 7,j7 z           
subp>agraph 7,k72  7ii7 9 subp>agraph   
7,i71 by /rik+ & at ! end2 &  7iii7 by  
ins]t+ aft] subp>agraph 7,i7 ! foll[+3  

7,j7 a ,/ate insurance commission]1     
appo9t$ by ! ,presid5t1 by & ) ! advice 
& cons5t ( ! ,s5ate1 z describ$ 9       
p>agraph 7#d72 &  2 &  7,b7 by add+ at !
 end ! foll[+3  7#d7 ,/ate insurance    
commission] ,9 select+ an individual to 
appo9t z a ,/ate insurance commission]  
"u p>agraph 7#a77;,j71 ! ,presid5t %all 
reque/ a li/ ( recomm5dations = !       
individual f ,/ate insurance            
commission]s ?r\gh a process det]m9$ by 
! ,/ate insurance commission]s4 ,!      
recomm5dations %all n be b9d+ on !      
,presid5t4 ,if ! ,/ate insurance        
commission]s fail to submit a li/ (     
recomm5dations )9 #ae bus9ess days aft] 
! date ( ! reque/1 ! ,presid5t may      
select an individual to appo9t )\t      
consid]+ ! recomm5dations4  2 &  7#b7 9 
subsection 7c7-- 7,a7 9 p>agraph 7#a71  
by ins]t+ 1 ! ,/ate insurance           
commission] %all s]ve = a t]m ( #d ye>s 
aft] #f ye>s2  7,b7 9 p>agraph 7#b71 by 
ins]t+ at ! end ! foll[+3 ,= vacancy 9 !
 memb]%ip ( ! ,/ate insurance           

commission] s]v+ "u subsection          
7b77#a77;,j71 ! ,presid5t %all appo9t   
ano!r ,/ate insurance commission] to    
s]ve on ! ,c\ncil = ! rema9d] ( ! t]m or
 until a successor is appo9t$ & confirm$
 "u p>agraph 7#e71 :i*ev] is e>li]42 &  
7,c7 by add+ at ! end ! foll[+ new      
p>agraph3  7#e7 ,t]m ( ,/ate insurance  
commission] ,not)/&+ p>agraph 7#a71 if a
 successor to ! ,/ate insurance         
commission] s]v+ "u subsection          
7b77#a77;,j7 is n appo9t$ & confirm$ by 
! end ( ! t]m ( s]vice ( su*            
commission]1 su* commission] may cont9ue
 to s]ve until ! e>li] (-- 7,a7 #ah     
mon?s aft] ! date on :i* ! t]m ( s]vice 
ends2 or  7,b7 ! date on :i* a successor
 to su* memb] is appo9t$ & confirm$4  4 
7b7 ,te*nical & con=m+ am5dm5t ,section 
#aaa7;c77#d7 ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4             
#ecba7;c77#d77 is am5d$ by /rik+        
subsection 7b77#a77;,j7 & ins]t+        
subsection 7b77#a77,k74  #c4 ,repeal (  
,/ate insurance commission] z nonvot+   

memb] ( ,,fsoc  7a7 ,9 g5]al ,section   
#aaa7;b77#b7 ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4             
#ecba7;b77#b77 is am5d$ by /rik+        
subp>agraph 7,c7 & r$esignat+           
subp>agraph 7,d7 & 7,e7 z subp>agraphs  
7,c7 & 7,d71 respectively4  7b7         
,te*nical & con=m+ am5dm5t ,section     
#aaa7;c77#a7 ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4             
#ecba7;c77#a77 is am5d$ by /rik+ by     
subp>agraphs 7,c71 7,d71 & 7,e7 & ins]t+
 subp>agraphs 7,c7 & 7,d74  #d4         
,tempor>y s]vice2 transition ,not)/&+ ! 
am5dm5ts made by ?is ,act1 dur+ ! p]iod 
beg9n+ on ! date ( ! enactm5t ( ?is ,act
 & end+ on ! date on :i* ! ,/ate        
insurance commission] is appo9t$ &      
confirm$ pursuant to section            
#aaa7;b77#a7 ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4             
#ecba7;b77#a771 z am5d$ by section #b ( 
?is ,act1 section #aaa7;b77#b77;,c7 ( ! 
,f9ancial ,/ability ,act ( #bjaj 7#ab   
,u4,s4,c4 #ecba7;b77#b77;,c771 z 9      

effect be=e ! date ( enactm5t ( ?is     
,act1 %all cont9ue to apply4