1999 Regular Session

HOUSE BILL 332

CHAPTER NUMBER: 412 File Code: Insurance - Liability and Miscellaneous
Sponsored By:
Delegates Love and Cadden
Entitled:
Insurance - Transfer of Business

Synopsis:

Allowing an insurer that accepts a transfer of the insurance business of a group of policyholders from an independent agent to treat the policies transferred as renewals and not as new policies for underwriting purposes.

History by Legislative Date

House Action
2/5
First Reading Economic Matters
2/9
Hearing 2/23 at 1:00 p.m.
3/2
Favorable Report by Economic Matters
3/3
Favorable Report Adopted
Second Reading Passed
3/5
Third Reading Passed (136-0)
4/4
Return Passed
5/13
Signed by the Governor Chapter 412
Senate Action
3/8
First Reading Finance
3/10
Hearing 3/24 at 1:00 p.m.
4/5
Favorable Report by Finance
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (46-0)
Sponsored by:
Delegate Mary Ann E. Love, District 32
Delegate Joan Cadden, District 31
Bill indexed under the following Subjects:
AGENTS AND BROKERS
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
Bill affects the following Statute:
Insurance
( 27-912 )

Documents:

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

Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 5, 1999: Third Reading Passed (136-0)
Senate
April 6, 1999: Third Reading Passed (46-0)