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SB17-274

Nonadmitted Insurers Disability Surplus Lines Insurance

Concerning an authorization for nonadmitted insurers to offer disability insurance as a type of surplus lines insurance.
Session:
2017 Regular Session
Subject:
Insurance

Current law allows nonadmitted insurers to offer only property and casualty insurance as types of surplus lines insurance. The bill:

  • Defines 'disability insurance' as insurance that is in excess of policy limits available from an admitted insurer, provides income replacement to an insured who becomes an individual with a disability while covered by a policy, and does not provide coverage for the diagnosis or treatment of an insured's disability; and
  • Allows nonadmitted insurers to offer disability insurance as a type of surplus lines insurance.
    (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/05/2017 Signed Act PDF
    05/15/2017 Final Act PDF
    05/02/2017 Rerevised PDF
    05/01/2017 Revised PDF
    04/21/2017 Reengrossed PDF
    04/20/2017 Engrossed PDF
    03/29/2017 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. C. Holbert
Rep. A. Garnett

Sponsor

Co-sponsor

Sen. L. Crowder, Sen. K. Grantham, Sen. R. Scott, Sen. J. Tate
Rep. D. Valdez