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HB16-1025

Renewal Property Casualty Insurance

Concerning statutory recognition that an insurance policy may be subject to renewal by an admitted insurer within the same insurance group as the insurer that issued the insurance policy.
Session:
2016 Regular Session
Subject:
Insurance
Bill Summary

In the property and casualty insurance laws, the act adds the term 'admitted company within the same insurance group' to the definitions of 'renewal' or 'to renew' in order to acknowledge that an insurance policy may be subject to renewal by an insurer or an admitted company within the same insurance group as the insurer when a policy is renewed.

(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/16/2016 Signed Act PDF
    03/10/2016 Final Act PDF
    03/01/2016 Rerevised PDF
    02/29/2016 Revised PDF
    02/02/2016 Reengrossed PDF
    02/01/2016 Engrossed PDF
    01/13/2016 Introduced PDF