The Insurance and Financial Institutions Committee
(formerly, the Financial Institutions Committee) was a standing committee
of the Ohio State Senate
. In 2015, this committee was split to make the Insurance Committee
and the Financial Institutions Committee
Per the Senate Rules, committees of the Ohio State Senate are appointed by the President of the Senate. The rules do not give a specific date to which committees are assigned but committee appointments occur after the organization of the Senate. The President shall appoint a chair and vice-chair of each standing committee as well as a ranking minority member. The Minority Leader can recommend minority membership and a ranking minority member for each committee. The President can be substituted as a voting member on any standing committee. The Minority Leader shall be an ex-officio nonvoting member of each committee, and at the Minority Leader's request, the President can substitute for the Minority Leader as a voting member on any committee.
A majority of members in a committee is considered quorum.
See rules: Rules of the Senate
||The Senate Insurance & Financial Institutions Committee oversees legislation impacting the regulation of the insurance industry and financial institutions, including banks, credit unions, and savings and loans. The committee conducts public hearings on the budgets of the Ohio Bureau of Workers' Compensation and the Ohio Industrial Commission. The committee also makes recommendations to the full Senate for the advice and consent of the governor's appointments to insurance and financial boards, commissions, and university trustees.
- ↑ 1.0 1.1 Ohio General Assembly, "Rules of the Senate," accessed January 29, 2014(Rule 19)
- ↑ 2.0 2.1 Ohio General Assembly, "Rules of the Senate," accessed January 29, 2014(Rule 20)
- ↑ Ohio General Assembly, "Rules of the Senate," accessed January 29, 2014(Rule 23)
- ↑ Ohio State Senate, "About the Committee," accessed January 29, 2014
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.