HOUSE BILL 509

Sponsored By:

Delegate Harrison

Entitled:

Insurance - Change of Agent or Broker of Record

Synopsis:

Requiring an authorized insurer to accept and honor a request by a policyholder for a change of agent or broker of record within 30 working days after receipt of the request; requiring a new agent or broker of record to have a current appointment and contract with the authorized insurer before the change will be effective; requiring a request for a change of agent or broker of record to be in writing and include specified information; requiring a new agent or broker of record to receive specified commissions; etc.

Legislative History

House Action

1/27

First Reading Economic Matters

1/28

Hearing 2/5 at 1:00 p.m.

2/11

Favorable with Amendments Report by Economic Matters

2/12

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/14

Third Reading Passed (134-0)

3/31

House Concur - Senate Amendments

Third Reading Passed (136-0)

Passed Enrolled

4/29

Signed by the Governor Chapter 242

Senate Action

2/17

First Reading Finance

3/5

Hearing 3/18 at 1:00 p.m.

3/12

Hearing cancelled

Hearing 3/14 at 1:00 p.m.

4/3

Favorable with Amendments Report by Finance

Favorable with Amendments Report Adopted

Floor Committee Amendment (Finance) Adopted

Second Reading Passed with Amendments

4/4

Third Reading Passed with Amendments (45-0)

Bill indexed under the following Subjects:

AGENTS AND BROKERS

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

SALARIES

Bill affects the following Statute:

Insurance

( 27-911 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled (PDF)

Fiscal Note: Available (PDF)

Amendments:

House

Number: 113664/1 (PDF) Offered on: FEBRUARY 12, 1997 at: 10:16 Status: Adopted

Senate

Number: 527942/1 (PDF) Offered on: APRIL 3, 1997 at: 12:32 Status: Adopted

Number: 667847/1 (PDF) Offered on: APRIL 3, 1997 at: 12:32 Status: Adopted