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2019 SESSION
SB 1222 Insurance licensing, biennial; renewal for individuals and business entities, etc.
Introduced by: A. Benton "Ben" Chafin | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Insurance licensing and continuing education course requirements. Requires the biennial renewal, for individuals and business entities, of licenses by insurance agents, consultants, public adjusters, surplus lines brokers, and viatical settlement brokers by a producer's year and month of birth. The measure also requires fingerprinting for the purpose of conducting state and federal criminal background checks on new resident applicants. The measure establishes fees for processing license renewal applications, requires proof of compliance with continuing education requirements, addresses reinstatement of licenses, and provides for waivers of certain requirements. The measure requires licensed persons to report changes in their name or address. The measure provides that the registration fee for settlement agents will be prescribed by the Commission and that the Commission will retain the authority to enforce these provisions against any person who is under investigation for or charged with a violation. The measure also revises the timeline for completion of insurance continuing education courses to require completion biennially, based on an insurance agent's year and month of birth. The measure modifies the membership of the insurance continuing education board and the criteria for selection by the State Corporation Commission of the same. The measure also includes clarifications and removes obsolete requirements. The bill has a delayed effective date of January 1, 2021. The bill incorporates SB 1747.
FULL TEXT
- 01/04/19 Senate: Prefiled and ordered printed; offered 01/09/19 19103129D pdf | impact statement
- 01/31/19 Senate: Committee substitute printed 19105707D-S1 pdf | impact statement
- 02/18/19 Senate: Bill text as passed Senate and House (SB1222ER) pdf | impact statement
- 03/21/19 Governor: Acts of Assembly Chapter text (CHAP0675) pdf
HISTORY
- 01/04/19 Senate: Prefiled and ordered printed; offered 01/09/19 19103129D
- 01/04/19 Senate: Referred to Committee on Commerce and Labor
- 01/31/19 Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 01/31/19 Senate: Committee substitute printed 19105707D-S1
- 02/01/19 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/04/19 Senate: Read second time
- 02/04/19 Senate: Reading of substitute waived
- 02/04/19 Senate: Committee substitute agreed to 19105707D-S1
- 02/04/19 Senate: Engrossed by Senate - committee substitute SB1222S1
- 02/04/19 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/04/19 Senate: Passed Senate (40-Y 0-N)
- 02/06/19 House: Placed on Calendar
- 02/06/19 House: Read first time
- 02/06/19 House: Referred to Committee on Commerce and Labor
- 02/12/19 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/12/19 House: Read second time
- 02/13/19 House: Read third time
- 02/13/19 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/13/19 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/18/19 Senate: Enrolled
- 02/18/19 Senate: Bill text as passed Senate and House (SB1222ER)
- 02/18/19 House: Signed by Speaker
- 02/19/19 Senate: Signed by President
- 02/20/19 Senate: Enrolled Bill Communicated to Governor on February 20, 2019
- 02/20/19 Governor: Governor's Action Deadline Midnight, March 26, 2019
- 03/21/19 Governor: Approved by Governor-Chapter 675 (effective 1/1/21)
- 03/21/19 Governor: Acts of Assembly Chapter text (CHAP0675)