Liability insurance policies; notices. (HB1001)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Liability insurance policies; notices. Limits the circumstances pursuant to which insurers are required to provide notice of reduction in coverage or increase in premiums. Such notices are not required if the policy is issued to a large commercial risk, the policy is retrospectively rated, or a renewal offer or policy is sent to the insured not less than 45 days prior to its effective date, or 90 days prior if it is a medical malpractice policy. Insureds shall be advised of the specific reasons for the increase and the amount of the increase, or reasons for a reduction in coverage, or that the information may be obtained from the agent or insurer. The requirement that certain insured persons receive 45 days' notice of a liability insurance premium increase, or 90 days' notice of a medical malpractice insurance premium increase, will apply only to insurer-initiated premium increases, which excludes increases resulting from requested changes in coverage or policy limits requested by the insured and changes in the insured's operations and rating exposures. Read the Bill »
Status
04/04/2006: signed by governor
History
| Date | Action |
|---|---|
| 01/11/2006 | Prefiled and ordered printed; offered 01/11/06 062706492 |
| 01/11/2006 | Referred to Committee on Commerce and Labor |
| 01/19/2006 | Reported from Commerce and Labor (20-Y 0-N) |
| 01/23/2006 | Read first time |
| 01/24/2006 | Read second time and engrossed |
| 01/25/2006 | Read third time and passed House (97-Y 0-N) |
| 01/25/2006 | VOTE: PASSAGE (97-Y 0-N) |
| 01/25/2006 | Communicated to Senate |
| 01/26/2006 | Constitutional reading dispensed |
| 01/26/2006 | Referred to Committee on Commerce and Labor |
| 02/27/2006 | Reported from Commerce and Labor (15-Y 0-N) |
| 03/01/2006 | Constitutional reading dispensed (39-Y 0-N) |
| 03/01/2006 | VOTE: (39-Y 0-N) |
| 03/01/2006 | Motion to reconsider pass by for the day agreed to (40-Y 0-N) |
| 03/01/2006 | Passed by for the day (40-Y 0-N) |
| 03/01/2006 | VOTE: (40-Y 0-N) |
| 03/02/2006 | Read third time |
| 03/02/2006 | Passed Senate (39-Y 0-N) |
| 03/02/2006 | VOTE: (39-Y 0-N) |
| 03/09/2006 | Bill text as passed House and Senate (HB1001ER) |
| 03/09/2006 | Enrolled |
| 03/09/2006 | Signed by President |
| 03/10/2006 | Signed by Speaker |
| 04/04/2006 | G Approved by Governor-Chapter 554 (effective 7/1/06) |
| 04/12/2006 | G Acts of Assembly Chapter text (CHAP0554) |