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2022 SESSION

• | print version

SB 383 Credit life insurance and credit accident and sickness insurance; adjustment of rates.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Credit life insurance and credit accident and sickness insurance; adjustment of rates; requirement for hearing. Removes the requirement that the State Corporation Commission conduct a hearing prior to determining the actual loss ratio for each form of insurance and adjusting the prima facie rates. Under the bill, after the Commission has determined the actual loss ratio and prima facie rates, it will provide notice of such ratio and rates and provide an opportunity for a hearing.

FULL TEXT

• 01/11/22  Senate: Prefiled and ordered printed; offered 01/12/22 22101326D  pdf | impact statement
• 03/09/22  Senate: Bill text as passed Senate and House (SB383ER)  pdf | impact statement
• 04/11/22  Governor: Acts of Assembly Chapter text (CHAP0412)  pdf

HISTORY

• 01/11/22  Senate: Prefiled and ordered printed; offered 01/12/22 22101326D
• 01/11/22  Senate: Referred to Committee on Commerce and Labor
• 01/17/22  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 01/19/22  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/20/22  Senate: Read second time and engrossed
• 01/21/22  Senate: Read third time and passed Senate (37-Y 0-N)
• 02/22/22  House: Placed on Calendar
• 02/22/22  House: Read first time
• 02/22/22  House: Referred to Committee on Commerce and Energy
• 03/01/22  House: Reported from Commerce and Energy (22-Y 0-N)
• 03/03/22  House: Read second time
• 03/04/22  House: Read third time
• 03/04/22  House: Passed House BLOCK VOTE (99-Y 0-N)
• 03/04/22  House: VOTE: Block Vote Passage (99-Y 0-N)
• 03/09/22  Senate: Enrolled
• 03/09/22  Senate: Bill text as passed Senate and House (SB383ER)
• 03/09/22  House: Signed by Speaker
• 03/10/22  Senate: Signed by President
• 03/22/22  Senate: Enrolled Bill Communicated to Governor on March 22, 2022
• 03/22/22  Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
• 04/11/22  Governor: Approved by Governor-Chapter 412 (effective 7/1/22)
• 04/11/22  Governor: Acts of Assembly Chapter text (CHAP0412)