HB1778
Insurance agents; appointments and terminations.
Status:
Enacted
Latest Action:
March 24, 2025
Acts of Assembly Chapter text (CHAP0481)
Chief Patron:
Rip Sullivan (D)
Session:
2025 Regular Session
Summary
As Introduced. Insurance agents; appointments and terminations.
Amends the process for the appointment of insurance agents and agencies by insurers as administered by the Bureau of Insurance of the State Corporation Commission. The bill also revises certain requirements of an insurer or authorized representative that terminates an appointment of an agent that is found to have engaged ... (More) in conduct prohibited by existing law. (Less)-
Bill History
- 01/06/2025 - House: Prefiled and ordered printed; Offered 01-08-2025 25102812D
- 01/06/2025 - House: Referred to Committee on Labor and Commerce
- 01/13/2025 - House: Assigned L & C sub: Subcommittee #1
- 01/13/2025 - House: Placed on Labor and Commerce Agenda
- 01/14/2025 - House: Fiscal Impact Statement from State Corporation Commission (HB1778)
- 01/14/2025 - House: Subcommittee recommends reporting (7-Y 0-N)
- 01/15/2025 - House: Placed on Labor and Commerce Agenda
- 01/16/2025 - House: Reported from Labor and Commerce (22-Y 0-N)
- 01/20/2025 - House: Read first time
- 01/21/2025 - House: Read second time and engrossed
- 01/22/2025 - House: Read third time and passed House (96-Y 0-N)
- 01/22/2025 - House: Reconsideration of passage agreed to by House
- 01/22/2025 - House: Passed House (97-Y 0-N 0-A)
- 01/23/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 01/23/2025 - Senate: Referred to Committee on Commerce and Labor
- 02/17/2025 - Senate: Reported from Commerce and Labor (10-Y 3-N 1-A)
- 02/18/2025 - Senate: Rules suspended
- 02/18/2025 - Senate: Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
- 02/18/2025 - Senate: Passed by for the day
- 02/19/2025 - Senate: Read third time
- 02/19/2025 - Senate: Passed Senate (36-Y 3-N 1-A)
- 03/07/2025 - House: Enrolled
- 03/07/2025 - House: Bill text as passed House and Senate (HB1778ER)
- 03/07/2025 - House: Signed by Speaker
- 03/10/2025 - Senate: Signed by President
- 03/11/2025 - House: Enrolled Bill communicated to Governor on March 11, 2025
- 03/11/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/18/2025 - House: Fiscal Impact Statement from State Corporation Commission (HB1778)
- 03/24/2025 - Approved by Governor-Chapter 481 (Effective 07/01/25)
- 03/24/2025 - Acts of Assembly Chapter text (CHAP0481)
