AN ACT CONCERNING ELECTRONIC POSTING OF CERTAIN DOCUMENTS BY INSURERS, NONRENEWAL OR CANCELLATION OF PROPERTY AND CASUALTY INSURANCE POLICIES, FEDERAL HOME LOAN BANKS AND THE INSURERS REHABILITATION AND LIQUIDATION ACT, HYPOTHECATION OF ASSETS AND SURPLUS LINES INSURANCE.
To: (1) Allow insurers to post certain insurance policies and endorsements on such insurers' Internet web sites; (2) allow property and casualty insurers to provide policy nonrenewal or cancellation notices by United States Postal Service intelligent mail barcode tracking; (3) extend certain protections to a Federal Home Loan Bank for any pledge, security, credit, collateral, loan, advance, reimbursement or guarantee agreement or arrangement or any similar agreement or arrangement or other credit enhancement to which such bank is a party with an insurance company that is under conservation, rehabilitation, liquidation or administrative supervision by the Insurance Department; (4) allow any domestic insurer, health care center or fraternal benefit society to pledge, hypothecate or encumber such insurer's, center's or society's assets in connection with participation in the Federal Home Loan Bank System; and (5) exempt insurance policies that are procured through unaffiliated wholesale surplus lines insurance brokers from the requirement that insurers and surplus lines insurers sign a statement that diligent efforts were made to obtain insurance from a licensed insurer.
Introduced by:
Insurance and Real Estate Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Public Act No. 25-87 [doc] | |
| File No. 925 [doc] | |
| File No. 314 [doc] | |
| INS Joint Favorable Substitute [doc] | |
| Raised Bill [doc] |
| Called Amendments | |
| House Schedule A LCO# 7950 (J) [doc] |
| Uncalled Amendments | |
| House LCO Amendment #7921 (J) [doc] | |
| House LCO Amendment #7321 (D) [doc] |
| Votes | |
| Senate Roll Call Vote 381 | |
| House Roll Call Vote 106 AS AMENDED |
| Committee Actions | |
| INS Joint Fav. Rpt | |
| INS Vote Tally Sheet (Joint Favorable Substitute) |
| Bill Analyses | |
| Bill Analysis For File Copy 925 | |
| Bill Analysis for HB-6981, as amended by House "A" | |
| Bill Analysis For File Copy 314 |
Add Notes to HB-6981
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 6/16/2025 | Transmitted by Secretary of the State to Governor | ||
| 6/16/2025 | Transmitted to the Secretary of State | ||
| 6/10/2025 | (LCO) | Public Act 25-87 | |
| 6/3/2025 | On Consent Calendar / In Concurrence | ||
| 6/3/2025 | Senate Passed as Amended by House Amendment Schedule A | ||
| 6/3/2025 | Senate Adopted House Amendment Schedule A | ||
| 5/15/2025 | (LCO) | File Number 925 | |
| 5/15/2025 | Senate Calendar Number 485 | ||
| 5/15/2025 | Favorable Report, Tabled for the Calendar, Senate | ||
| 5/13/2025 | House Passed as Amended by House Amendment Schedule A | ||
| 5/13/2025 | House Adopted House Amendment Schedule A 7950 | ||
| 3/27/2025 | (LCO) | File Number 314 | |
| 3/27/2025 | House Calendar Number 216 | ||
| 3/27/2025 | Favorable Report, Tabled for the Calendar, House | ||
| 3/27/2025 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 3/21/2025 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM | |
| 3/11/2025 | (LCO) | Filed with Legislative Commissioners' Office | |
| 3/11/2025 | (INS) | Joint Favorable Substitute | |
| 2/21/2025 | Public Hearing 02/27 | ||
| 2/18/2025 | Referred to Joint Committee on Insurance and Real Estate |
Co-sponsors of HB-6981
NOTE: Please direct all inquiries regarding the status of bills to the Office of the House Clerk and/or Senate Clerks' Office.
