SENATE BILL 63

Sponsored By:

Senator Astle

Entitled:

Insurance - Prior Approval Rating Law - Exempt Commercial Policyholders

Synopsis:

Altering the annual property and casualty insurance premium dollar amount threshold above which specified insurance policy forms and endorsements issued to specified commercial policyholders are exempt from specified form filing requirements under prior approval insurance rating law; and altering the definition of "exempt commercial policyholder".

History by Legislative Date

Senate Action

1/13

First Reading Finance

1/18

Hearing 1/24 at 2:30 p.m.

1/23

Hearing cancelled

Hearing 1/24 at 1:00 p.m.

1/30

Favorable Report by Finance

1/31

Favorable Report Adopted

Second Reading Passed

2/2

Special Order 2/3 (Senator Stone) Adopted

2/3

Third Reading Passed (47-0)

4/3

Returned Passed

House Action

2/6

First Reading Economic Matters

3/14

Hearing 3/22 at 1:00 p.m.

4/5

Favorable Report by Economic Matters

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (134-0)

Action after passage in Senate and House

5/26

Governor vetoed - Duplicative

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

FORMS

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

PRICES -see also- CONSUMER PRICE INDEX

REAL PROPERTY

Bill affects the following Statute:

Insurance

( 11-206 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

February 3, 2006: Third Reading Passed (47-0)

House

April 2, 2006: Third Reading Passed (134-0)