HOUSE BILL 876

Sponsored By:

Delegate Jameson

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 $500 and an increase over the expiring policy premium of the lesser of 3% or $300; etc.

History by Legislative and Calendar Date

House Action

2/9

First Reading Economic Matters

2/14

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

3/21

Favorable with Amendments Report by Economic Matters

3/18

Favorable with Amendments {193390/1 Report Adopted

Second Reading Passed with Amendments

3/20

Third Reading Passed (138-0)

4/1

Returned Passed

Senate Action

3/22

First Reading Finance

3/27

Hearing 3/29 at 1:00 p.m.

4/2

Favorable Report by Finance

3/27

Favorable Report Adopted

Second Reading Passed

3/30

Third Reading Passed (46-0)

Action after passage in House and Senate

5/22

Approved by the Governor

- Chapter 473

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:

House

Number: 193390/01     Offered on: March 21, 2012   at: 11:53 a.m.     Status: Adopted

Committee Votes :

House

Economic Matters

Senate

Finance

Roll Call Votes (Legislative dates are shown):

House

March 20, 2012: Third Reading Passed (138-0)

Senate

March 30, 2012: Third Reading Passed (46-0)