| SB 0107 | Regulates investigations by Dept. of Insurance |
| Sponsor: | MUELLER | ||
| Committee: | INSU | LR Number: | S0044.02I |
| Last Action: | 02/15/95 - Voted Do Pass S Insurance & Housing Committee | ||
| Title: | |||
| Effective Date: | August 28, 1995 | ||
SB 107 - This act limits the actions which the Director of the Department of Insurance can take against insurance agents, brokers and companies until a violation has been found against those entities.
Insurance investigations shall be carried on in a manner to
avoid interrupting the business involved. Publications regarding
investigations are limited. The Director of Insurance may not
attempt to prevent a licensed agent or broker from working in the
insurance business until a violation has been found against the
agent or broker. Insurance agents, brokers and companies shall
have a cause of action against the director for violations of
this act. They may recover up to twice the amount of damages,
plus attorney fees, costs and expenses.
MIKE HOEFERKAMP