HB1616 Combines individual and business entity insurance agents and brokers into insurance producers for purposes of licensing and regulation.
Sponsor: Auer, Ron (59) Effective Date:00/00/0000
CoSponsor: LR Number: 3556L.01I
Last Action: COMMITTEE: INSURANCE
02/15/2000 - Public Hearing Held (H)
HB1616
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1616 Copyright(c)
* Introduced

Available Bill Text for HB1616
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1616 -- Insurance Licenses

Sponsor:  Auer

This bill revises the law governing the licensing of insurance
agents and brokers.  The bill removes distinctions between
agents and brokers in terms of licensing, referring to each as
"insurance producers."  The bill revises most of the provisions
pertaining to licensure including:  the courses of study
initially required for licensure, continuing education,
temporary licensure, the termination and renewal of agency
contracts, examination requirements, broker compensation
restrictions, suspension and revocation of licenses, penalties
for violations, closed and confidential records, and fees for
licensure.

The bill has an effective date of January 1, 2001.


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