1997 Regular Session

SENATE BILL 60

File Code: Insurance - Liability and Miscellaneous
Sponsored By:
Senator Boozer
Entitled:
Surplus Lines Insurance - Procurement From Unauthorized Insurers

Synopsis:

Clarifying that surplus lines insurance may be procured from an unauthorized insurer only under limited circumstances; requiring the surplus lines broker and the originating agent or broker to execute an affidavit concerning the procurement of surplus lines insurance from an unauthorized insurer; requiring the affidavit to include statements concerning the unavailability of surplus lines insurance from authorized insurers; and applying the Act.

Legislative History

Senate Action
11/13
Pre-filed
1/8
First Reading Finance
Hearing 1/28 at 1:00 p.m.
1/9
Hearing cancelled
1/23
Withdrawn
House Action
No Action
Bill indexed under the following Subjects:
AGENTS AND BROKERS
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
Bill affects the following Statutes:
Insurance
( 3-306 , 3-307 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Not available at this time