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House Bill 1222


House Bill 1222

ARCHIVE (2000)

Latest Information

 

DIGEST OF HB1222 (Updated February 29, 2000 2:00 PM - DI 84)


Insurance continuing education and licensure. Provides that an insurance agent may charge a commercial insured for certain services relating to property and casualty insurance. Allows an insurance agent to charge a limited late fee on overdue accounts. Provides that a limited insurance representative's license and an insurance agent's license must be renewed every 48 months. (Current law requires renewal every 24 months.) Exempts a limited insurance representative who only negotiates or solicits credit life insurance or credit disability insurance from continuing education requirements. Provides that an insurance agent must have at least 40 hours of continuing education per license renewal period. (Current law provides for at least 30 hours of continuing education in the 24 month renewal period.) Makes a conforming amendment.
Current Status:
 Law Enacted
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