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2002 SESSION
SB 154 Insurance; rates by large commercial risks.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Insurance rates; large commercial risks. Includes the premiums paid for professional liability and workers' compensation insurance in calculations of the amount a person or entity pays in annual aggregate nationwide insurance premiums. Payment of annual aggregate nationwide insurance premiums in excess of $100,000 is one criterion for determining whether a person or entity is a large commercial risk. Insurers are not required to file or obtain approval for insurance policies and rates used in the insurance of large commercial risks.
SUMMARY AS INTRODUCED:
Insurance rates; large commercial risks. Includes the premiums paid for professional liability and workers' compensation insurance in calculations of the amount a person or entity pays in annual aggregate nationwide insurance premiums. Payment of annual aggregate nationwide insurance premiums in excess of $100,000 is one criterion for determining whether a person or entity is a large commercial risk. Insurers are not required to file or obtain approval for insurance policies and rates used in the insurance of large commercial risks.