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2016 SESSION

• | print version

HB 324 Insurance rates; authority of an insurer to limit decreases.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Insurance rates; authority to limit decreases. Authorizes an insurer to file rate or supplementary rate information for its renewal polices that permits the insurer to limit any rate decrease that would otherwise be applicable to the policies, provided that the insurer is also limiting any rate increase that would otherwise be applicable. The provision does not apply to workers' compensation or employers' liability insurance. The bill has a delayed effective date of September 1, 2016.

FULL TEXT

• 01/05/16  House: Prefiled and ordered printed; offered 01/13/16 16103122D  pdf | impact statement
• 01/21/16  House: Committee substitute printed 16104520D-H1  pdf | impact statement
• 02/29/16  House: Bill text as passed House and Senate (HB324ER)  pdf | impact statement
• 03/07/16  Governor: Acts of Assembly Chapter text (CHAP0277)  pdf

HISTORY

• 01/05/16  House: Prefiled and ordered printed; offered 01/13/16 16103122D
• 01/05/16  House: Referred to Committee on Commerce and Labor
• 01/21/16  House: Reported from Commerce and Labor with substitute (21-Y 0-N)
• 01/21/16  House: Committee substitute printed 16104520D-H1
• 01/25/16  House: Read first time
• 01/26/16  House: Read second time
• 01/26/16  House: Committee substitute agreed to 16104520D-H1
• 01/26/16  House: Engrossed by House - committee substitute HB324H1
• 01/27/16  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 01/27/16  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 01/28/16  Senate: Constitutional reading dispensed
• 01/28/16  Senate: Referred to Committee on Commerce and Labor
• 02/22/16  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/24/16  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/25/16  Senate: Read third time
• 02/25/16  Senate: Passed Senate (37-Y 0-N 3-A)
• 02/29/16  House: Enrolled
• 02/29/16  House: Bill text as passed House and Senate (HB324ER)
• 02/29/16  House: Signed by Speaker
• 03/03/16  Senate: Signed by President
• 03/04/16  House: Enrolled Bill communicated to Governor on 3/4/16
• 03/04/16  Governor: Governor's Action Deadline Midnight, March 11, 2016
• 03/07/16  Governor: Approved by Governor-Chapter 277 (effective 9/1/16)
• 03/07/16  Governor: Acts of Assembly Chapter text (CHAP0277)