1996 Regular Session

SENATE BILL 541

File Code: Insurance - Liability and Miscellaneous Crossfiled with: HOUSE BILL 1017
Sponsored By:
Senator Della
Entitled:
Insurance - Change of Agent of Record or Broker of Record

Synopsis:

Requiring insurers to accept and honor requests for a change of agent of record or broker of record within 10 days after receiving the request; requiring a new agent of record or broker of record to be paid all compensation earned on the policy effective from the first anniversary date following the date of change; and requiring a request for a change of agent of record or broker of record to be in writing and include the insured's name, address, and signature, the insurer's name and address, the policy number, and the date.

Legislative History

Senate Action
2/2
First Reading Finance
2/5
Hearing 2/21 at 1:00 p.m.
House Action
No Action
Bill indexed under the following Subjects:
AGENTS AND BROKERS
INSURANCE-GENERAL
SALARIES AND COMPENSATION
Bill affects the following Statute:
Article - 48A Insurance Code
( 234D )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available