2008 Special Session
|At the request of:||(at the request of House Interim Committee on Workforce and Economic Development)|
|Regular Sponsors:||Elections, Ethics And Rules|
|Bill Title:||Relating to regulation of insurance policy terms; and declaring an emergency.|
|Catchline/Summary:||Permits Director of Department of Consumer and Business Services to issue order to address certain matters related to insurance policies issued in this state when Governor declares state of emergency.
Permits Governor in conjunction with declaration of emergency to issue executive order that suspends or extends certain requirements of law and provisions set forth in policies and contracts of insurance. Specifies contents of executive order and powers Governor may exercise. Specifies additional requirements that apply to premium finance companies.] Sets time limits during which order may remain effective. Prescribes contents of order. Requires director to adopt rules that establish criteria for issuing order. Declares emergency, effective on passage.
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|