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2011 SESSION
HB 1586 Insurance policies; exemptions of large commercial risks.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance; large commercial risks. Makes professional liability insurance policies eligible for the exemptions that currently exist for most types of policies written for large commercial risks. Currently, professional liability insurance and workers' compensation insurance are the only lines of insurance excluded from the provision that exempts insurance of large commercial risks from requirements that policy forms and rates be filed with, and approved by, the State Corporation Commission. The measure also eliminates the requirement that insurers issuing policies under the exemption for large commercial risks report annually to the State Corporation Commission on the number of exempted policyholders and the criteria establishing the exemption. SB 1015 is identical.
FULL TEXT
- 01/06/11 House: Prefiled and ordered printed; offered 01/12/11 11102487D pdf | impact statement
- 02/23/11 House: Bill text as passed House and Senate (HB1586ER) pdf | impact statement
- 03/26/11 Governor: Acts of Assembly Chapter text (CHAP0618) pdf
HISTORY
- 01/06/11 House: Prefiled and ordered printed; offered 01/12/11 11102487D
- 01/06/11 House: Referred to Committee on Commerce and Labor
- 01/18/11 House: Reported from Commerce and Labor (21-Y 0-N)
- 01/20/11 House: Read first time
- 01/21/11 House: Read second time and engrossed
- 01/24/11 House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
- 01/24/11 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 01/25/11 Senate: Constitutional reading dispensed
- 01/25/11 Senate: Referred to Committee on Commerce and Labor
- 02/14/11 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 02/16/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/17/11 Senate: Read third time
- 02/17/11 Senate: Passed Senate (39-Y 0-N)
- 02/23/11 House: Enrolled
- 02/23/11 House: Bill text as passed House and Senate (HB1586ER)
- 02/23/11 House: Signed by Speaker
- 02/23/11 Senate: Signed by President
- 03/26/11 Governor: Approved by Governor-Chapter 618 (effective 7/1/11)
- 03/26/11 Governor: Acts of Assembly Chapter text (CHAP0618)