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2016 SESSION
HB 307 Insurance companies; clarifies and updates provisions regarding notices to applicants, etc.
Introduced by: Kathy J. Byron | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance notices. Clarifies and updates provisions regarding notices from insurance companies to applicants and policyholders. The measure amends the requirement that insurers give insureds notice when increasing the premium on their policies due to accidents to clarify that insurers are required to inform insureds that they have 60 days to seek a review by the Bureau of Insurance of the application of a surcharge. The notice requirements regarding uninsured motorist coverage (UM/UIM) is updated to allow the practice under which insurers give applicants the opportunity to request UM/UIM limits equal to their liability limits or to request lower UM/UIM limits, as long as the lower limits are at least $25,000/$50,000/$20,000. Other changes clarify which notices are required to be given on new business policies only rather than on new and renewal business policies.
FULL TEXT
- 01/04/16 House: Prefiled and ordered printed; offered 01/13/16 16101547D pdf | impact statement
- 03/07/16 House: Bill text as passed House and Senate (HB307ER) pdf | impact statement
- 03/29/16 Governor: Acts of Assembly Chapter text (CHAP0558) pdf
HISTORY
- 01/04/16 House: Prefiled and ordered printed; offered 01/13/16 16101547D
- 01/04/16 House: Referred to Committee on Commerce and Labor
- 01/21/16 House: Reported from Commerce and Labor (21-Y 0-N)
- 01/25/16 House: Read first time
- 01/26/16 House: Read second time and engrossed
- 01/27/16 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 01/27/16 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 01/28/16 Senate: Constitutional reading dispensed
- 01/28/16 Senate: Referred to Committee on Commerce and Labor
- 02/29/16 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 03/02/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/03/16 Senate: Read third time
- 03/03/16 Senate: Passed Senate (39-Y 0-N)
- 03/03/16 Senate: Reconsideration of Senate passage agreed to by Senate (36-Y 0-N)
- 03/03/16 Senate: Passed Senate (40-Y 0-N)
- 03/07/16 House: Enrolled
- 03/07/16 House: Bill text as passed House and Senate (HB307ER)
- 03/07/16 House: Signed by Speaker
- 03/09/16 Senate: Signed by President
- 03/09/16 House: Enrolled Bill communicated to Governor on 3/9/2016
- 03/09/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 03/29/16 Governor: Approved by Governor-Chapter 558 (effective 1/1/17)
- 03/29/16 Governor: Acts of Assembly Chapter text (CHAP0558)