Enrolled House Bill (H)

Authored by

DIGEST

Insurance matters. Provides that, for purposes of the insurance law, a United States Postal Service intelligent mail bar code tracking record, a certificate of mailing, or another similar first class mail method may be used as proof of mailing. Provides that an insurance producer education course may concern sales, motivation, psychology, and time management. Limits continuing education in those areas to four hours per renewal period. Allows a prospective continuing education provider to electronically submit supporting materials for a course. Amends the description of an extraordinary dividend or distribution for purposes of the insurance holding company system law. Removes requirements Insurance matters. Provides that, for purposes of the insurance law, a United States Postal Service intelligent mail bar code tracking record, a certificate of mailing, or another similar first class mail method may be used as proof of mailing. Provides that an insurance producer education course may concern sales, motivation, psychology, and time management. Limits continuing education in those areas to four hours per renewal period. Allows a prospective continuing education provider to electronically submit supporting materials for a course. Amends the description of an extraordinary dividend or distribution for purposes of the insurance holding company system law. Removes requirements for independent insurance adjuster applicants to submit Social Security numbers to the department of insurance. Changes references in the Lloyds insurance law from the auditor of state to the insurance commissioner. Removes certain transfer and notice requirements that apply to an insurer that transfers an insured under a commercial property and casualty, an automobile insurance, or a residential property policy to an affiliate of the insurer. Limits certain actions by a property and casualty insurer with respect to primary residence property loss of an innocent coinsured. Allows a person to exercise certain rights connected to a netting agreement, qualified financial contract, or similar agreements without respect to any provision of IC 27. Defines "cyber liability" for purposes of the tort claims act and allows the state to purchase a policy of insurance to cover cyber liability risks. Repeals a current transfer notice requirement that applies to residential property policies. Urges the legislative council to assign for 2017 interim study the topic of statutory incorporation by reference of certain documents. Makes technical changes. ... View more