Video & Transcript Research : 'insolvency'
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MN
Minnesota 2025-2026 Regular Session
House Agriculture Finance and Policy Committee 2/24/25
Agriculture Finance and Policy
Transcript Highlights:
- in the event that there's an insolvency in the event that there's an insolvency or<01:05:39.599>
- So if an elevator were to go insolvent and owe $5 million to farmers, we would pay out of the indemnity
- so if an elevator were to go insolvent so if an elevator were to go insolvent and<01:31:40.639><
- Our ability to act in the case of insolvency or failure to pay is, it's necessary for it to be a timely
- or failure to pay is uh is insolvency or failure to pay is uh is it's<01:40:32.119>
necessary
Bills:
HF1063
Keywords:
grain buyers, grain dealer, grain elevator, agriculture, financial reporting, audit, CPA review, independent accountant, financial statement, balance sheet, cash flow, nonpublic data, licensee oversight, Minnesota Department of Agriculture, grain purchase volume, insolvency, nonpayment, warehouse chain, fiduciary duties, producer protection
AL
Alabama 2026 1st Special Session
Alabama Senate Fiscal Responsibility and Economic Development Committee Jan 21st, 2026
Fiscal Responsibility and Economic Development
Keywords:
public accountancy, CPA licensing, board regulations, educational prerequisites, electronic notifications, firm registration, assignment, creditors, insolvency, liquidation, assignee, secured transaction, bankruptcy, state law, voluntary process, distribution of assets, emergency rules, governor certification, state regulations, public safety
AL
Alabama 2026 1st Special Session
Alabama Senate Transportation and Energy Committee Feb 4th, 2026
Transportation and Energy
Keywords:
appropriation, education funding, priority schools, Alabama education, State Department of Education, medical clinic board, clinic board, hospital bankruptcy, Chapter 11, bankruptcy, debt restructuring, municipal indebtedness, municipal bankruptcy, health care provider, acute care hospital, lease property, board immunity, director liability, civil liability, healthcare finance
AZ
Keywords:
certified public accountants, CPA certification, accounting regulations, professional standards, continuing education, assignment for benefit of creditors, ABC act, insolvency, creditor claims, debt liquidation, business wind-up, receivership, liquidation, secured creditors, unsecured creditors, proof of claim, voidable transactions, fraudulent transfer, wage claims, priority claims
Summary:
The Commerce Committee met and heard three bills, after announcing that Senate Bill 1254 would not be heard. Senate Bill 1181, which revises requirements for certified public accountants and is identical to House Bill 2476, was presented as a CPA pathways measure that opens additional routes to CPA certification in Arizona. Testimony from the Arizona Society of Certified Public Accountants supported the bill as part of a nationwide effort to keep Arizona CPAs competitive. The committee had no questions and voted 10-0 to give SB 1181 a do pass recommendation.
Senate Bill 1252 adopted the Uniform Law Commission’s Uniform Assignment for Benefit of Creditors Act. Staff and Uniform Law Commission testimony explained that the bill creates a debtor-initiated alternative to bankruptcy or receivership, allowing a distressed business to assign assets to an assignee who liquidates them and distributes proceeds to creditors under a priority scheme. The act was described as flexible, with creditor notice, claims resolution, and court oversight provisions. The committee again had no questions and voted 10-0 to recommend SB 1252 do pass.
Senate Bill 1415 set qualifications for salaried employees of insurers or managing general agents to obtain an adjuster license without taking the Arizona adjuster exam, and limited such licenses to adjusting claims as salaried employees. State Farm testified in support, explaining that other states have changed licensing rules, creating a need for Arizona-based company adjusters to obtain Arizona licenses without duplicative testing, especially for large employers like State Farm and USAA. The bill was presented as a workaround to preserve reciprocity for existing adjusters, and the committee voted 10-0 to recommend SB 1415 do pass before adjourning.
AL
Alabama 2025 Regular Session
Alabama House Boards, Agencies and Commissions Committee Mar 19th, 2025
Boards, Agencies and Commissions
Keywords:
athlete agents, commission, state regulation, Alabama, higher education, athletics, membership diversity, school psychologist, school psychology, interstate compact, licensure compact, license reciprocity, portable license, equivalent license, professional licensing, psychology board, school mental health, student services, educational services, interstate practice
AZ
Keywords:
public funds, virtual currency, bitcoin, investment, Arizona Strategic Digital Asset Reserve Act, state treasurer, retirement system, state payments, cryptocurrency, Arizona law, payment methods, government transactions, property tax, tax exemption, Arizona Revised Statutes, digital currency, workers' compensation, death benefits, burial costs, spousal compensation
Summary:
The committee began with staff and page introductions, then took up a series of previously heard bills, mostly related to cryptocurrency and tax administration. SB 1042, SB 1043, SB 1044, and SCR 1003 dealt with allowing public entities to invest in virtual currency, accept cryptocurrency payments, and exempt virtual currency from property tax. Supporters framed the measures as modernization, while opponents argued crypto is risky, fraudulent, and a poor use of public funds. All four measures were recommended do pass on narrow 4-3 votes, with Democrats generally opposed.
The committee also heard SB 1221, which would require the Department of Revenue to notify legislative tax chairs before adopting a new interpretation or application of tax law that could adversely affect taxpayers. The sponsor said the bill was meant to front-load disputes and avoid surprise tax changes; it passed 4-3. SB 1142, which would have Arizona opt into a new federal scholarship tax credit program and require ADOR to administer it, drew extensive testimony. Supporters said it would expand scholarship opportunities for students in public, charter, private, and home education settings and keep donations in Arizona. Opponents argued it would divert money from public schools, lack accountability, and primarily benefit wealthier families. The bill passed 4-3 after lengthy debate.
The committee then questioned Department of Revenue officials about a press release on Arizona tax forms and federal conformity after H.R. 1. Members focused on why the department told taxpayers not to wait to file, how the state conforms to federal changes, and whether amended returns would be needed if the Legislature changes the forms later. DOR said the forms were issued assuming conformity, that most taxpayers would not be affected by pending changes, and that amended returns could be required for some retroactive provisions; members criticized the guidance as confusing and potentially costly.
Finally, the committee heard SB 1254, which would require both grantor and grantee signatures on conveyance documents before recording, to reduce deed fraud and clarify acceptance of property transfers. County assessors supported the bill, saying it would close a loophole and improve records; it passed 6-0 with one member not voting. The committee then began SB 1252, the Uniform Assignment for Benefit of Creditors Act, with testimony from the Arizona Uniform Laws Commission explaining that it would create a more uniform framework for asset assignments and creditor claims, but the transcript cuts off before any vote on that measure.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 2/20/25
Commerce Finance and Policy
Transcript Highlights:
- Insurance Guarantee Association in cases where a property and casualty insurance company becomes insolvent
- and is ordered to be insolvent and is ordered to be liquidated<00:01:29.000>
by <00:01:29.159> - insurer this protects smaller insolvent insurer this protects smaller policy<00:01:42.040>
holders - claims on behalf of the insolvent claims on behalf of the insolvent insurers insurers insurers so
- Representative Davids asked what the last time was that a company went insolvent. Mr.
Keywords:
corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, Minnesota Insurance Guaranty Association, MIGA, insurance guaranty fund, insurer insolvency, covered claim, net worth threshold, high-net-worth insured, financial information request, insurance claims, self-insured retention, deductible, commercial insurance, insurance regulation, Minnesota Statutes 60C.09, guaranty association
AL
Alabama 2026 1st Special Session
Alabama House Transportation, Utilities and Infrastructure Committee Mar 11th, 2026
Transportation, Utilities and Infrastructure
Keywords:
medical clinic board, clinic board, hospital bankruptcy, Chapter 11, bankruptcy, debt restructuring, municipal indebtedness, municipal bankruptcy, health care provider, acute care hospital, lease property, board immunity, director liability, civil liability, healthcare finance, insolvency, debt readjustment, federal bankruptcy law, Alabama Code 11-58-5.2, library materials
OK
Oklahoma 2026 Regular Session
Business and Insurance 2ND REVISED Feb 19th, 2026 at 09:30 am
Business and Insurance
Transcript Highlights:
- world, but this deals with receivership, which is when an insurance carrier is working through insolvency
- did the author, and I'm not sure if she probably does, but how many insurance companies have gone insolvent
- that, I'm unaware of any other insurance companies that have Have basically gone either bankrupt or insolvent
- programs, insurance Offerings for things like schools and municipalities that in fact have gone insolvent
Bills:
SB1969, SB1953, SB1277, SB1287, SB1061, SB1916, SB1589, SB2178, SB1444, SB1438, SB1501, SB1873, SB1364
Keywords:
massage therapy, licensing, multistate compact, regulation, healthcare, professionals, Employer Health Plan Transparency Act, health insurance, claims data, contract provisions, health care providers, auditable materials, HIPAA compliance, insurance regulation, unemployment benefits, employment security, work search, job search, reemployment, jobless benefits
OK
Oklahoma 2026 Regular Session
Business and Insurance REVISED Feb 5th, 2026 at 09:30 am
Business and Insurance
Keywords:
workers' compensation, workers comp, Oklahoma Workers' Compensation Commission, Administrative Workers' Compensation Act, self-insurance guaranty fund, multiple injury trust fund, physician advisory committee, advisory council on workers' compensation, workers' compensation court, insurance, employer liability, self-insured employer, fund transfer, records transfer, agency reorganization, statutory cleanup, technical corrections, Title 85A, SB1343, Vision Plan Contractual Requirements Act
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED: SB1771, SB1805 and SB1916 - Added Apr 14th, 2026 at 10:30 am
Government Oversight
Bills:
SB1265, SB2154, SB1286, SB1365, SB1491, SB1525, SB1581, SB1775, SB1810, SB1884, SB2118, SB2174, SB1771, SB1805, SB1916
Keywords:
SB1365, Oklahoma Central Purchasing Act, procurement exemption, competitive bidding, state purchasing, Oklahoma Tourism and Recreation Department, tourism department, merchandise for resale, gift shops, lodges, golf pro shops, state parks, restaurant contracting, retail outlets, public procurement, purchasing flexibility, Title 74, emergency clause, presidential electors, vacancies
NH
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/07/2025)
Transcript Highlights:
- uh became insolvent not too long ago. uh became insolvent not too long ago.
- going insolvent uh in any<01:13:26.800>
given <01:13:27.040>year. - pools have gone insolvent under the current<01:19:37.280>
process. - So, you know, the problem in this case, nobody ever thought of insolvency.
- So, you know, the problem in this case, nobody ever thought of insolvency.
Summary:
The committee took up several insurance-related bills. Senate Bill 47, concerning health insurance policies related to the birth of the mother, was moved ought to pass with no amendments and was approved on a 6-0 vote. Senate Bill 121, dealing with Medicare Advantage plan notice requirements, was amended to reduce the required notice from 120 days to 90 days and to remove a federal citation; the department said the change was to avoid conflict with federal notice rules. After discussion about the stress caused when carriers leave the Medicare Advantage market, the committee voted ought to pass as amended, 7-0.
The committee then heard a detailed explanation of the continuing care retirement communities bill, described by the Insurance Department as a rewrite of a 1989 law to modernize oversight, require quarterly financial reporting as an early warning system, create a bill of rights for residents, and clarify issues such as entrance fees and removal of dangerous residents. A member recalled the bill’s original purpose as protecting solvency because residents pay substantial upfront fees. The bill was moved ought to pass and approved unanimously, 7-0.
The final major discussion concerned a pooled risk organizations bill. Members debated whether oversight should remain with the Secretary of State or be moved to the Insurance Department. Supporters of moving it argued the issue is solvency, citing concerns about reserve levels, prior insolvencies, and the Insurance Department’s expertise. Opponents said the Secretary of State’s office had historically overseen the entities and that the bill would fundamentally change how they operate. A straw vote favored an amendment, but the committee ultimately voted to retain the bill for further work, with plans to revisit it later in the session.
NH
Transcript Highlights:
- We believe that having the ability to assess ensures that the programs will not become insolvent and
- situation, whereas this should essentially make it impossible for them to become insolvent.
- <00:52:35.680>
so the hook for any sort of insolvency so the hook for any sort of insolvency - Commercial Insurance no um insolvency Commercial Insurance no um insolvency funds<01:03:57.960><
- In the sense that you're hearing about insolvency and you've got to act quickly.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (04/23/2025)
Transcript Highlights:
- It led both of them to insolvency.
- It led both of them to insolvency.
- One is imminently insolvent.
- One is imminently insolvent.
- One is imminently insolvent.
Summary:
The committee first heard Senate Bill 47, sponsored by Sen. Regina Birdsell at the request of the Insurance Department. The bill would codify the department’s interpretation that a birth mother’s health insurance is the primary coverage for a newborn, unless the mother has no insurance or coverage under an employer-sponsored plan. Birdsell and Insurance Commissioner DJ Benton Court said the measure is a clarification of existing practice and intended to protect vulnerable newborns; a question from Rep. Miles clarified that if a young woman is on her parents’ policy, the newborn would generally be covered under that family coverage. The hearing on SB 47 was then closed.
The committee then took up Senate Bill 121, introduced by Grant Bosi for Sen. Kevin Avard, which would require insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, Medicare Advantage plans. Commissioner Benton Court said the bill arose from disruption in the Medicare Advantage market, where consumers, brokers, and the department were confused by carriers changing or ending offerings; he said the department wanted a simple notification requirement so it could better advise consumers. Members discussed network adequacy, county-based service areas, and the fact that the bill would make notice a condition of licensure, with possible fines or license action for noncompliance. Witness Paula Rogers of AHIP said her group supported the bill if amended, and the department indicated it would support a change from a 120-day notice period to 90 days to align with state rules; the committee planned to work on an amendment in subcommittee.
Finally, the committee heard Senate Bill 247, introduced by Rep. Brian Cole, which would prohibit network exclusion of pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole argued the bill is meant to stop pharmacies from being forced to sell drugs at a loss, describing PBMs as middlemen and saying the measure is a compromise that protects local pharmacies. Members questioned whether consumers would pay more and whether pharmacies voluntarily enter PBM contracts; Cole responded that the bill would let pharmacies refuse unprofitable fills while consumers could still obtain the drug through mail order or other channels. He also said the issue has changed over time because the practice now affects a much larger share of generics and is concentrated among a few PBMs. The hearing remained open as questions continued, with no vote taken in the excerpt.
NH
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/20/2025)
Transcript Highlights:
- Results in insolvency. So that's like one of the things.
- Thank you, Chair, for taking my question. are still insolvencies, but they're more are still insolvencies
- <01:09:47.120>
that can uh avoid uh the insolvency that can uh avoid uh the insolvency that - We're saying, going forward, if insolvency is the issue, if thou were worried about insolvency, no, the
- We're saying, going forward, if insolvency is the issue, if thou were worried about insolvency, no, the
Summary:
The subcommittee took up the pooled risk management program bill and reviewed a new amendment drafted with input from the Insurance Department and Legislative Services. Department witnesses explained that the proposal would move oversight of pooled risk management programs from the Secretary of State’s office to the Insurance Department, add a licensure requirement, preserve the programs’ non-insurer status, and exempt them from third-party administrator licensure. They also described a series of solvency tools in the draft, including financial reporting, risk-based capital standards, minimum capitalization, investment limits, commissioner examination and enforcement authority, rulemaking authority, merger and affiliate-transaction review, confidentiality protections, and a separability clause.
A major theme of the discussion was that pooled risk management programs differ from commercial insurers because the risk remains with the member local governments rather than being backed by a state guarantee fund. Witnesses said the bill is designed to emphasize solvency over return of premium and to give the Insurance Department a regulatory “toolbox” to prevent insolvency, including a proposed $5 million excess or stop-loss coverage benchmark, optional accessible policies, and a requirement that boards vote on dividends or premium returns when capital exceeds 600% of risk-based capital. Members questioned how this approach differed from the original Secretary of State bill and whether assessments on towns would still be possible; the department responded that the new framework would allow more flexible oversight and alternatives to immediate court action.
The committee also discussed why the statute should continue to say the programs are not insurers, with the department explaining that this preserves their autonomy and avoids applying unrelated insurance laws and premium taxes. Members asked about the department’s workload and were told the department believed it could absorb the new duties without additional funding. No vote or final committee action was taken in the portion provided.
MN
Transcript Highlights:
- >
are <00:16:36.720>ordered <00:16:36.959>to <00:16:37.120>be become insolvent - and are ordered to be become insolvent and are ordered to be liquidated<00:16:37.839>
by <00:16 - Persons with net worth of more than $25 million on a company that has gone insolvent have the resources
- $25 million um on a company that has $25 million um on a company that has gone<00:18:45.840>
insolvent - , they have the resources gone insolvent, they have the resources in<00:18:47.760>
which <00:18
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (04/23/2025)
Transcript Highlights:
- insolvent today? insolvent today?
- It led both of them to insolvency.
- <04:49:03.440>
with <04:49:03.680>a insolvent with a insolvent with a 16%<04:49:05.520> - One is imminently insolvent.
- There are three others that are not imminently insolvent, but apparently have a risk level of insolvency
Summary:
The committee first heard Senate Bill 47, sponsored by Senator Regina Birdsell at the request of the Insurance Department. The bill would clarify that a birth mother’s health insurance is the primary policy for a newborn’s care unless the mother has no coverage or no employer-sponsored coverage. Birdsell and Insurance Commissioner DJ Benton Court said the measure simply codifies the department’s long-standing interpretation of existing law. Representative Miles asked whether the coverage would extend to a grandchild if a young woman on her parents’ plan had a baby, and Birdsell said it would. The hearing on SB 47 was then closed.
The committee next heard Senate Bill 121, introduced by Grant Bosi for Senator Kevin Avard. The bill requires insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, when they change Medicare Advantage offerings. Benton Court said the bill was prompted by disruption in the Medicare Advantage market, where consumers and the department were confused by carriers exiting, changing plans, or narrowing offerings. He said the department does not regulate Medicare Advantage itself, but does license the carriers, and the notice requirement would help the department advise consumers; he also said noncompliance could affect a carrier’s license and could lead to fines. Members discussed the notice period, and the department and AHIP indicated support for changing it from 120 days to 90 days to align with federal timing. The hearing was closed with plans to work on an amendment in subcommittee.
Finally, the committee heard Senate Bill 247, introduced by Representative Brian Cole, which would prohibit network exclusion for pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole said the bill is meant to stop pharmacies from being forced to sell at a loss. Members questioned whether pharmacies voluntarily enter PBM contracts, whether the bill would raise consumer prices, and whether it would mainly affect independent pharmacies. Cole and others said the issue has changed over time because PBMs now control a much larger share of the market, and that the bill would let pharmacies refuse loss-making fills and direct patients to mail order instead. The discussion also noted that the bill excludes Medicare and Medicaid and that the current proposal does not create a middle-ground option for patients to pay a premium at the counter.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (01/23/2025)
Transcript Highlights:
- You do not have the right to revindicate the securities out of insolvency, and in the event of insolvency
- > investor in the event of insolvency the investor in the event of insolvency the investor is<01:
- It works like ownership in every case except insolvency. That's the Armageddon planning.
- In no bank insolvency I'm ever aware of has any customer lost where the bank was the custodian.
- There have been relatively very few broker-dealer insolvencies.
Summary:
The committee first heard testimony on House Bill 167, which would add ski, snowboard, and boat wax containing PFAS to the state’s consumer-product restrictions. The sponsor argued the product is already banned in many places, has PFAS-free alternatives, and is used in ways that can directly contaminate water rather than landfills. She cited high PFAS levels in several New Hampshire lakes and said the bill was a simple extension of prior PFAS legislation. A witness also described a personal experience where a liquid ski wax disappeared from the market and later returned, likely because of PFAS concerns. The chair then closed the hearing on HB 167 without a vote.
The committee then opened a hearing on House Bill 312, dealing with college athletes’ name, image, and likeness (NIL) rights. Representative Moffett said the bill was modeled on New Jersey law and intended to let student-athletes earn compensation from NIL without losing institutional scholarships, while also requiring licensed representation and setting limits on certain endorsements. He described the measure as proactive because NIL rules are evolving and could create conflicts among schools and future lawsuits. Members questioned whether the bill should apply to two-year institutions, whether it should exclude firearms and weapons, and whether the scholarship protections would cover need-based or academic aid as well as athletic scholarships. Moffett said the scholarship language was intended to protect scholarships generally, but not need-based aid specifically, and he acknowledged discomfort with some of the endorsement restrictions.
Public testimony on HB 312 was mixed. One supporter, a former Division III athlete and coach, backed the bill but urged removal of a section allowing institutions or athletic bodies to use an athlete’s NIL without compensation, arguing most New Hampshire athletes do not receive NIL money and should not have to work extra jobs to cover basic expenses. The chair also raised concerns about the bill’s contractual and identity-rights implications, referencing prior committee work on a J.D. Salinger-related identity case and noting the committee had previously declined to get involved in similar contractual disputes. No vote was taken during the hearing.