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1999 SESSION

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SB 892 Insurance licensees; requirement to report felony convictions.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Insurance licensees; requirement to report to Commission; felony convictions. Requires insurance agents, consultants, reinsurance intermediaries, managing general agents, viatical settlement brokers, and surplus lines brokers to report within 30 days to the State Corporation Commission the facts and circumstances regarding the conviction of a felony. This bill also directs surplus lines agents to report changes of business address to the State Corporation Commission, already a requirement for insurance agents, consultants, reinsurance intermediaries, managing general agents, and viatical settlement brokers.


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