Self storage units; procedure for lessors to sell self storage insurance for personal property. (HB1731)

Introduced By

Del. Tim Hugo (R-Centreville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Storage unit insurance. Establishes a procedure for lessors of storage units to sell insurance that provides coverage against loss of or damage to items of personal property stored in a 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. The State Corporation Commission is authorized to promulgate rules and regulations. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2013Committee
01/08/2013Prefiled and ordered printed; offered 01/09/13 13101371D
01/08/2013Referred to Committee on Commerce and Labor
01/10/2013Assigned C & L sub: #2
01/17/2013Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
01/22/2013Reported from Commerce and Labor with substitute (19-Y 0-N) (see vote tally)
01/22/2013Committee substitute printed 13103901D-H1
01/24/2013Read first time
01/25/2013Read second time
01/25/2013Committee substitute agreed to 13103901D-H1
01/25/2013Engrossed by House - committee substitute HB1731H1
01/27/2013Impact statement from SCC (HB1731H1)
01/28/2013Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/28/2013VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/29/2013Constitutional reading dispensed
01/29/2013Referred to Committee on Commerce and Labor
02/11/2013Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/13/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2013Read third time
02/14/2013Passed Senate (40-Y 0-N) (see vote tally)
02/20/2013Enrolled
02/20/2013Bill text as passed House and Senate (HB1731ER)
02/20/2013Signed by Speaker
02/20/2013Signed by President
02/21/2013Impact statement from SCC (HB1731ER)
03/12/2013G Approved by Governor-Chapter 203 (effective 7/1/13)
03/12/2013G Acts of Assembly Chapter text (CHAP0203)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 50 seconds.