Raised S.B. No. 907
Session Year 2015
 


AN ACT CONCERNING CHANGES TO THE INSURANCE STATUTES.

To (1) provide that a portable electronics insurance license remain in force until January thirty-first of even-numbered years, (2) expand the Insurance Commissioner's authority to suspend or revoke an insurance producer's license if a producer submits any other form of remittance besides a check to the Insurance Department that is dishonored, (3) permit the Insurance Commissioner to share documents, materials and other information concerning an Own Risk and Solvency Assessment report with other regulatory officials and the National Association of Insurance Commissioners without the written consent of the insurer, while retaining such written consent requirement for sharing such documents, materials and information with a third-party consultant, and (4) eliminate the separate annual reporting requirement for third-party administrators and incorporate such report into the renewal filing, and combine the annual report filing fee and renewal fee into one fee.

Introduced by:
Insurance and Real Estate Committee

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Bill History

 Date Action Taken
 7/2/2015Signed by the Governor
 6/18/2015Transmitted by Secretary of the State to Governor
 6/18/2015Transmitted to the Secretary of State
 6/16/2015(LCO)Public Act 15-187
 6/2/2015In Concurrence
 6/2/2015House Passed
 5/22/2015House Calendar Number 616
 5/22/2015Favorable Report, Tabled for the Calendar, House
 5/20/2015On Consent Calendar
 5/20/2015Senate Passed
 3/23/2015(LCO)File Number 154
 3/23/2015Senate Calendar Number 153
 3/23/2015Favorable Report, Tabled for the Calendar, Senate
 3/23/2015(LCO)Reported Out of Legislative Commissioners' Office
 3/16/2015(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/23/15 10:00 AM
 3/5/2015(LCO)Filed with Legislative Commissioners' Office
 3/5/2015(INS)Joint Favorable
 2/18/2015Public Hearing 02/26
 2/11/2015Referred to Joint Committee on Insurance and Real Estate

Co-sponsors of SB-907

Sen. Joseph J. Crisco, 17th Dist.
Sen. Eric D. Coleman, 2nd Dist.
Sen. Marilyn Moore, 22nd Dist.
Sen. Edwin A. Gomes, 23rd Dist.

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