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2011 SESSION
HB 2480 Portable electronics insurance; provides coverage for repair or replacement of such devices.
Introduced by: Daniel W. Marshall, III | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Portable electronics insurance. Establishes a procedure for vendors of portable electronics to sell insurance that provides coverage for the repair or replacement of such devices. The vendor will be required to hold a limited lines property and casualty insurance agent license to sell or offer coverage under such policies. The vendor's employees and authorized representatives are not subject to licensure as producers if, among other requirements, the vendor is licensed, maintains a training program, and does not compensate its employees or authorized representatives based primarily on the number of customers purchasing coverage. The measure provides for the issuance of a license to an applicant whose home state does not issue a producer license with a similar line of authority. The State Corporation Commission is authorized to promulgate rules and regulations.
FULL TEXT
- 01/21/11 House: Presented and ordered printed 11104177D pdf | impact statement
- 02/01/11 House: Committee substitute printed 11104847D-H1 pdf | impact statement
- 03/03/11 House: Bill text as passed House and Senate (HB2480ER) pdf | impact statement
- 03/16/11 Governor: Acts of Assembly Chapter text (CHAP0222) pdf
HISTORY
- 01/21/11 House: Presented and ordered printed 11104177D
- 01/21/11 House: Referred to Committee on Commerce and Labor
- 02/01/11 House: Reported from Commerce and Labor with substitute (17-Y 0-N)
- 02/01/11 House: Committee substitute printed 11104847D-H1
- 02/03/11 House: Read first time
- 02/04/11 House: Read second time
- 02/04/11 House: Committee substitute agreed to 11104847D-H1
- 02/04/11 House: Engrossed by House - committee substitute HB2480H1
- 02/07/11 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/07/11 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/08/11 Senate: Constitutional reading dispensed
- 02/08/11 Senate: Referred to Committee on Commerce and Labor
- 02/21/11 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/22/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/23/11 Senate: Read third time
- 02/23/11 Senate: Passed Senate (40-Y 0-N)
- 03/03/11 House: Enrolled
- 03/03/11 House: Bill text as passed House and Senate (HB2480ER)
- 03/03/11 House: Signed by Speaker
- 03/06/11 Senate: Signed by President
- 03/16/11 Governor: Approved by Governor-Chapter 222 (effective 7/1/11)
- 03/16/11 Governor: Acts of Assembly Chapter text (CHAP0222)