Self storage units; procedure for lessors to sell self storage insurance for personal property. (HB1731)
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
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
History
Date | Action |
---|---|
01/08/2013 | Committee |
01/08/2013 | Prefiled and ordered printed; offered 01/09/13 13101371D |
01/08/2013 | Referred to Committee on Commerce and Labor |
01/10/2013 | Assigned C & L sub: #2 |
01/17/2013 | Subcommittee recommends reporting with amendment(s) (11-Y 0-N) |
01/22/2013 | Reported from Commerce and Labor with substitute (19-Y 0-N) (see vote tally) |
01/22/2013 | Committee substitute printed 13103901D-H1 |
01/24/2013 | Read first time |
01/25/2013 | Read second time |
01/25/2013 | Committee substitute agreed to 13103901D-H1 |
01/25/2013 | Engrossed by House - committee substitute HB1731H1 |
01/27/2013 | Impact statement from SCC (HB1731H1) |
01/28/2013 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
01/28/2013 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
01/29/2013 | Constitutional reading dispensed |
01/29/2013 | Referred to Committee on Commerce and Labor |
02/11/2013 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
02/13/2013 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/14/2013 | Read third time |
02/14/2013 | Passed Senate (40-Y 0-N) (see vote tally) |
02/20/2013 | Enrolled |
02/20/2013 | Bill text as passed House and Senate (HB1731ER) |
02/20/2013 | Signed by Speaker |
02/20/2013 | Signed by President |
02/21/2013 | Impact statement from SCC (HB1731ER) |
03/12/2013 | G Approved by Governor-Chapter 203 (effective 7/1/13) |
03/12/2013 | G Acts of Assembly Chapter text (CHAP0203) |