SB17-274
Nonadmitted Insurers Disability Surplus Lines Insurance
| Type | Bill |
|---|---|
| Session | 2017 Regular Session |
| Subjects |
Concerning an authorization for nonadmitted insurers to offer disability insurance as a type of surplus lines insurance.
Bill Summary:
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.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 17-274 to the Committee of the Whole. | The motion passed on a vote of 12-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 17-274 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 5-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/02/2017 | Third Reading | BILL |
65
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/21/2017 | Third Reading | BILL |
34
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/05/2017 | Governor | Governor Signed |
| 05/15/2017 | Governor | Sent to the Governor |
| 05/15/2017 | House | Signed by the Speaker of the House |
| 05/15/2017 | Senate | Signed by the President of the Senate |
| 05/02/2017 | House | House Third Reading Passed - No Amendments |
| 05/01/2017 | House | House Second Reading Passed - No Amendments |
| 04/27/2017 | House | House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole |
| 04/21/2017 | House | Introduced In House - Assigned to Business Affairs and Labor |
| 04/21/2017 | Senate | Senate Third Reading Passed - No Amendments |
| 04/20/2017 | Senate | Senate Second Reading Passed - No Amendments |
| 04/17/2017 | Senate | Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 03/29/2017 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
Prime Sponsor
Sponsor
(None)
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/09/2017 | 334 | Nonadmitted Insurers Disability Surplus Lines Ins |