SENATE BILL 256

Sponsored By:

Senator Astle

Entitled:

Property and Casualty Insurance - Commercial Policies - Notices of Premium Increases

Synopsis:

Altering the scope of provisions of law that require an insurer to send to a named insured and an insurance producer a specified notice of a premium increase for policies of commercial insurance and policies of workers' compensation insurance; providing that the provisions of law do not apply to policies for which the renewal policy premium is in excess of $1,000 and an increase over the expiring policy premium of the lesser of 3% or $300; etc.

History by Legislative and Calendar Date

Senate Action

1/25

First Reading Finance

Hearing 2/7 at 1:00 p.m.

2/20

Favorable with Amendments Report by Finance

2/21

Favorable with Amendments {857473/1 Report Adopted

Second Reading Passed with Amendments

2/22

Third Reading Passed (47-0)

4/2

Returned Passed

House Action

2/24

First Reading Economic Matters

3/13

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

3/20

Hearing cancelled

4/5

Favorable Report by Economic Matters

3/31

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (130-1)

Action after passage in Senate and House

5/22

Approved by the Governor

- Chapter 472

Bill indexed under the following Subjects:

Commerce and Business -see also- Dealers; Elec. Comm.; etc

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Notices

Prices -see also- Consumer Price Index

Workers' Compensation

Bill affects the following Statute:

Insurance

( 27-608 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 857473/01     Offered on: February 21, 2012   at: 10:35 a.m.     Status: Adopted

Committee Votes :

Senate

Finance

House

Economic Matters

Roll Call Votes (Legislative dates are shown):

Senate

February 22, 2012: Third Reading Passed (47-0)

House

April 2, 2012: Third Reading Passed (130-1)