SB 974 - Wasson, Jay
Modifies provisions relating to cancellation or nonrenewal for automobile and homeowner's insurance policies
Bill Details
Sponsor
LR Number
6073S.01I
Title
SB 974
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2016
Committee
Current Status
SCS Voted Do Pass S Small Business, Insurance and Industry Committee (6073S.02C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 974 - This act specifies that an assignment or transfer of a policy among affiliated insurers within an insurance holding company system is not a cancellation or nonrenewal for automobile and homeowner's insurance policies. Insurers are required to provide notice to an insured of assignment or transfer of the policies prior to providing coverage for a subsequent policy term.
This act is similar to provisions contained in SS/SCS/HCS/HB 2194 (2016).
JESSI BAKER