SB17-274

SB17-274 - Nonadmitted Insurers Disability Surplus Lines Insurance

Passed/Signed into Law
Concerning an authorization for nonadmitted insurers to offer disability insurance as a type of surplus lines 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.)

     

Latest update: June 5, 2017
06/05/2017 - Governor Signed
05/15/2017 - Sent to the Governor
05/15/2017 - Signed by the Speaker of the House
05/15/2017 - Signed by the President of the Senate
05/02/2017 - House Third Reading Passed - No Amendments
05/01/2017 - House Second Reading Passed - No Amendments
04/27/2017 - House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
04/21/2017 - Introduced In House - Assigned to Business Affairs and Labor
04/21/2017 - Senate Third Reading Passed - No Amendments
04/20/2017 - Senate Second Reading Passed - No Amendments
04/17/2017 - Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
03/29/2017 - Introduced In Senate - Assigned to Business, Labor, & Technology