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2013 SESSION
SB 777 Insurance; notice of lapse in coverage for certain life and accident and sickness policies.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance; notice of lapse in coverage. Restates a provision enacted in 1991 that was intended to provide that the requirement that insurers issuing certain life and accident and sickness insurance policies provide notice of lapse for failure to pay the premium does not apply to group policies, contracts, or plans. In addition, the requirement does not apply to individual policies, contracts, or plans if the insurer, health services plan, or health care plan either (i) as a general business practice provides its policy owners, contract owners, or plan owners with written notices of premiums due or (ii) has furnished its policy owner, contract owner, or plan owner with written notice separate from that contained in the policy that the failure to pay premiums in a timely manner will result in a lapse of such policy, contract, or plan. The measure is declarative of existing law.
FULL TEXT
- 12/18/12 Senate: Prefiled and ordered printed; offered 01/09/13 13100715D pdf | impact statement
- 02/15/13 Senate: Bill text as passed Senate and House (SB777ER) pdf | impact statement
- 03/05/13 Governor: Acts of Assembly Chapter text (CHAP0093) pdf
HISTORY
- 12/18/12 Senate: Prefiled and ordered printed; offered 01/09/13 13100715D
- 12/18/12 Senate: Referred to Committee on Commerce and Labor
- 01/14/13 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 01/16/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/17/13 Senate: Read second time and engrossed
- 01/18/13 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/25/13 House: Placed on Calendar
- 01/25/13 House: Read first time
- 01/25/13 House: Referred to Committee on Commerce and Labor
- 02/07/13 House: Reported from Commerce and Labor (20-Y 0-N)
- 02/11/13 House: Read second time
- 02/12/13 House: Read third time
- 02/12/13 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/12/13 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/15/13 Senate: Enrolled
- 02/15/13 Senate: Bill text as passed Senate and House (SB777ER)
- 02/15/13 House: Signed by Speaker
- 02/18/13 Senate: Signed by President
- 03/05/13 Governor: Approved by Governor-Chapter 93 (effective 7/1/13)
- 03/05/13 Governor: Acts of Assembly Chapter text (CHAP0093)