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1997 SESSION
HB 1997 Insurance; notice of intention to rely on certain defenses.
Introduced by: Joseph P. Johnson, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Insurance, notice of intention to rely on certain defenses; execution of nonwaiver of rights agreement. Establishes 45 days as the uniform deadline for an insurer's notification of its intention to rely on a defense as to the validity of an insurance contract and for the execution of a "nonwaiver of rights" agreement. Presently, the deadline for notification of a breach is 20 days and the deadline for execution of a "nonwaiver of rights" agreement is 10 days. The bill also clarifies that the failure to give timely notice of either will result in a waiver of that defense.
FULL TEXT
- 01/13/97 House: Presented & ordered printed 973627308 pdf
- 02/26/97 House: Bill text as passed House and Senate (HB1997ER) pdf
- 03/19/97 Governor: Acts of Assembly Chapter text (CHAP0377) pdf
HISTORY
- 01/13/97 House: Presented & ordered printed 973627308
- 01/13/97 House: Referred to Committee on Corporations, Insurance and Banking
- 01/21/97 House: Reported from Corp., Ins. & Banking (20-Y 2-N)
- 01/22/97 House: Read first time
- 01/23/97 House: Read second time and engrossed
- 01/24/97 House: Read third time and passed House (96-Y 1-N)
- 01/24/97 House: VOTE: PASSAGE (96-Y 1-N)
- 01/24/97 House: Communicated to Senate
- 01/27/97 Senate: Constitutional reading dispensed (37-Y 1-N)
- 01/27/97 Senate: Referred to Committee on Commerce and Labor
- 02/17/97 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/18/97 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 02/18/97 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/19/97 Senate: Read third time
- 02/19/97 Senate: Passed Senate (39-Y 0-N)
- 02/19/97 Senate: VOTE: PASSAGE (39-Y 0-N)
- 02/26/97 House: Bill text as passed House and Senate (HB1997ER)
- 03/07/97 House: Enrolled
- 03/07/97 House: Signed by Speaker
- 03/08/97 Senate: Signed by President
- 03/15/97 Governor: Approved by Governor-Chapter 377 (effective 7/1/97)
- 03/19/97 Governor: Acts of Assembly Chapter text (CHAP0377)