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2016 SESSION
HB 393 Insurance agencies; designated licensed producers.
Introduced by: R. Lee Ware | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Insurance agencies; designated licensed producers. Requires that an insurance agency's designated licensed producer responsible for the agency's compliance with insurance laws and regulations be an employee, officer, or director of the agency. With respect to a business entity applying for certain types of a limited lines license, the licensed producer designated by the vendor or lessor is not required to be an employee, officer, or director of the vendor or lessor. Business entities acting as an insurance producer are required within 30 calendar days to report (i) the removal of the designated licensed producer responsible for the business entity's compliance with insurance laws, rules, and regulations and (ii) the name of the new designated licensed producer. The State Corporation Commission is authorized to terminate an insurance agency's license for failing to maintain such a designated licensed producer. The measure makes the designated licensed producer requirements uniform among various lines of insurance.
FULL TEXT
- 01/06/16 House: Prefiled and ordered printed; offered 01/13/16 16103423D pdf | impact statement
- 02/29/16 Senate: Committee substitute printed 16105644D-S1 pdf | impact statement
- 03/08/16 House: Bill text as passed House and Senate (HB393ER) pdf | impact statement
- 03/29/16 Governor: Acts of Assembly Chapter text (CHAP0552) pdf
HISTORY
- 01/06/16 House: Prefiled and ordered printed; offered 01/13/16 16103423D
- 01/06/16 House: Referred to Committee on Commerce and Labor
- 01/21/16 House: Reported from Commerce and Labor (21-Y 0-N)
- 01/25/16 House: Read first time
- 01/26/16 House: Read second time and engrossed
- 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
- 02/29/16 Senate: Reported from Commerce and Labor with substitute (14-Y 0-N)
- 02/29/16 Senate: Committee substitute printed 16105644D-S1
- 03/02/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/03/16 Senate: Read third time
- 03/03/16 Senate: Reading of substitute waived
- 03/03/16 Senate: Committee substitute agreed to 16105644D-S1
- 03/03/16 Senate: Engrossed by Senate - committee substitute HB393S1
- 03/03/16 Senate: Passed Senate with substitute (30-Y 0-N)
- 03/03/16 Senate: Reconsideration of Senate passage agreed to by Senate (36-Y 0-N)
- 03/03/16 Senate: Passed Senate with substitute (40-Y 0-N)
- 03/04/16 House: Placed on Calendar
- 03/07/16 House: Senate substitute agreed to by House 16105644D-S1 (94-Y 0-N)
- 03/07/16 House: VOTE: ADOPTION (94-Y 0-N)
- 03/08/16 House: Enrolled
- 03/08/16 House: Bill text as passed House and Senate (HB393ER)
- 03/08/16 House: Signed by Speaker
- 03/10/16 Senate: Signed by President
- 03/11/16 House: Enrolled Bill communicated to Governor on 3/11/16
- 03/11/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 03/29/16 Governor: Approved by Governor-Chapter 552 (effective 7/1/16)
- 03/29/16 Governor: Acts of Assembly Chapter text (CHAP0552)