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Member, Beacon International Group, Ltd.
Oregon voters have rejected a regulation--Ballot Measure 42--that would have ban insurance companies from using credit scores to help to calculate rates and premiums for life insurance.
The Oregon vote was one of a number of industry-related measures that were put before voters in six states Tuesday.
In California, voters shot down Proposition 89, which sought to change funding options for state political campaigns by giving candidates the option of receiving public funding or being capped on the amount of donor contributions.
In Colorado, voters approved Amendment 41, which bans most public officials and government employees from soliciting or accepting gifts. It also creates an independent ethics commission to hear complaints and assess penalties.
In Florida, changes to the state's Constitution will now require the approval of 60% of voters instead of a simple majority, after voters on Tuesday approved Amendment 3.
Two industry-related ballot issues received mixed results in Montana, where voters decided against Amendment 43, which would have changed the name of the state auditor post to "insurance commissioner." Voters in Montana did agree to Initiative 153, which will require that elected officials wait at least two years after completing their terms before becoming licensed as lobbyists.
In South Dakota, an overwhelming percentage of voters--89%--decided against Amendment E, which would have allowed 13 special grand jurors to expose decisionmakers in most public offices to fines or jail if they break rules defined by those grand jurors.