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House Bill 1240


House Bill 1240

ARCHIVE (2010)

Latest Information

 

DIGEST OF HB 1240 (Updated February 19, 2010 9:26 am - DI 110)


Various insurance matters. Makes various changes to the law concerning: (1) confidentiality and disclosures of insurer information related to examinations; (2) insurance producer licensing; (3) notice of foreclosure to residential property insurers; and (4) passenger coverage under motor vehicle insurance policies. Provides that a towing service that provides professional towing services shall release a passenger motor vehicle to the owner or a representative of the owner upon the receipt of the towing service of certain documentation concerning the charges and the ownership of the vehicle. Provides that upon release of the vehicle, the towing service may no longer claim a statutory or possessory lien on the vehicle, but requires the insurer to pay certain charges for professional services provided by the towing service, including interest on unpaid charges for the professional services, beginning on the thirty-first day after the release of the vehicle. Establishes licensure requirements for independent adjusters.
Current Status:
 Out of Committee 2nd House
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