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2013 SESSION
HB 1731 Self storage units; procedure for lessors to sell self storage insurance for personal property.
Introduced by: Timothy D. Hugo | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Self storage unit insurance. Establishes a procedure for lessors of self storage units to sell insurance that provides coverage against loss of or damage to items of personal property stored in a self storage unit in accordance with the terms of the storage unit rental agreement. The lessor will be required to hold a limited lines property and casualty insurance agent license to sell or offer coverage under such policies. The lessor's employees and authorized representatives are not subject to licensure as producers if, among other requirements, the lessor is licensed, maintains a training program, and does not compensate its employees or authorized representatives based primarily on the number of customers purchasing coverage. The measure provides for the issuance of a license to an applicant whose home state does not issue a producer license with a similar line of authority, provided that the license will terminate if his home state does not have a similar line of insurance by July 1, 2017, or a later date determined by the State Corporation Commission. The Commission is authorized to promulgate rules and regulations.
FULL TEXT
- 01/08/13 House: Prefiled and ordered printed; offered 01/09/13 13101371D pdf
- 01/22/13 House: Committee substitute printed 13103901D-H1 pdf | impact statement
- 02/20/13 House: Bill text as passed House and Senate (HB1731ER) pdf | impact statement
- 03/12/13 Governor: Acts of Assembly Chapter text (CHAP0203) pdf
HISTORY
- 01/08/13 House: Prefiled and ordered printed; offered 01/09/13 13101371D
- 01/08/13 House: Referred to Committee on Commerce and Labor
- 01/10/13 House: Assigned C & L sub: #2
- 01/17/13 House: Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
- 01/22/13 House: Reported from Commerce and Labor with substitute (19-Y 0-N)
- 01/22/13 House: Committee substitute printed 13103901D-H1
- 01/24/13 House: Read first time
- 01/25/13 House: Read second time
- 01/25/13 House: Committee substitute agreed to 13103901D-H1
- 01/25/13 House: Engrossed by House - committee substitute HB1731H1
- 01/28/13 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 01/28/13 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 01/29/13 Senate: Constitutional reading dispensed
- 01/29/13 Senate: Referred to Committee on Commerce and Labor
- 02/11/13 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/13/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/13 Senate: Read third time
- 02/14/13 Senate: Passed Senate (40-Y 0-N)
- 02/20/13 House: Enrolled
- 02/20/13 House: Bill text as passed House and Senate (HB1731ER)
- 02/20/13 House: Signed by Speaker
- 02/20/13 Senate: Signed by President
- 03/12/13 Governor: Approved by Governor-Chapter 203 (effective 7/1/13)
- 03/12/13 Governor: Acts of Assembly Chapter text (CHAP0203)