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2012 SESSION
SB 47 Certificates of insurance; unfair insurance trade practices.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Certificates of insurance; property and casualty insurance. Prohibits any person from (i) issuing or delivering a certificate of insurance that attempts to confer any rights upon a third party beyond what the referenced policy of insurance expressly provides; (ii) knowingly demanding or requiring the issuance of a certificate of insurance from an insurer, insurance producer, or policyholder that contains any false or misleading information concerning the policy; (iii) knowingly preparing or issuing a certificate of insurance that contains any false or misleading information or that purports to affirmatively or negatively alter, amend, or extend the coverage provided by the policy; and (iv) issuing or delivering a certificate of insurance that does not contain a statement regarding such matters. However, such a statement is not required if a certificate of insurance is required by a state or federal agency and accurately reflects the coverage provided by the underlying policies. A certificate of insurance may not represent an insurer's obligation to give notice of cancellation or nonrenewal to a third party unless the giving of the notice is required by the policy. The State Corporation Commission is authorized to determine if a person is engaged in such practice prohibited as an unfair trade practice. This bill is identical to HB 867.
FULL TEXT
- 01/04/12 Senate: Prefiled and ordered printed; offered 01/11/12 12102001D pdf
- 01/16/12 Senate: Committee substitute printed 12104231D-S1 pdf | impact statement
- 02/28/12 Senate: Bill text as passed Senate and House (SB47ER) pdf | impact statement
- 03/20/12 Governor: Acts of Assembly Chapter text (CHAP0277) pdf
AMENDMENTS
HISTORY
- 01/04/12 Senate: Prefiled and ordered printed; offered 01/11/12 12102001D
- 01/04/12 Senate: Referred to Committee on Commerce and Labor
- 01/16/12 Senate: Reported from Commerce and Labor with substitute (16-Y 0-N)
- 01/16/12 Senate: Committee substitute printed 12104231D-S1
- 01/18/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/19/12 Senate: Read second time
- 01/19/12 Senate: Reading of substitute waived
- 01/19/12 Senate: Committee substitute agreed to 12104231D-S1
- 01/19/12 Senate: Engrossed by Senate - committee substitute SB47S1
- 01/20/12 Senate: Bills placed in block (39-Y 0-N)
- 01/20/12 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/20/12 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 01/20/12 Senate: Passed Senate (39-Y 0-N)
- 02/13/12 House: Placed on Calendar
- 02/13/12 House: Read first time
- 02/13/12 House: Referred to Committee on Commerce and Labor
- 02/16/12 House: Reported from Commerce and Labor with amendments (22-Y 0-N)
- 02/20/12 House: Read second time
- 02/21/12 House: Read third time
- 02/21/12 House: Committee amendments agreed to
- 02/21/12 House: Engrossed by House as amended
- 02/21/12 House: Passed House with amendments BLOCK VOTE (100-Y 0-N)
- 02/21/12 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/23/12 Senate: House amendments agreed to by Senate (37-Y 1-N)
- 02/28/12 Senate: Enrolled
- 02/28/12 Senate: Bill text as passed Senate and House (SB47ER)
- 02/28/12 House: Signed by Speaker
- 02/29/12 Senate: Signed by President
- 03/20/12 Governor: Approved by Governor-Chapter 277 (effective 7/1/12)
- 03/20/12 Governor: Acts of Assembly Chapter text (CHAP0277)