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2017 Regular Session
At the request of:
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Bill Title: Relating to commercial insurance filing requirements.
Catchline/Summary: Exempts insurers that transact certain classes of commercial insurance from requirement to file rates or policy forms.
Specifies circumstances in which exemption does not apply. Permits Director of Department of Consumer and Business Services by rule to exempt or amend rate and filing form requirements for any commercial line of insurance if director determines that requirement is not desirable or is not necessary to protect public and that exemption or amendment would enhance competition. Permits director to publish sample disclosure notice that insurer may issue without needing to file disclosure with director if insurer issues disclosure together with claims-made insurance policy or liability insurance policy that includes defense costs within limits of liability.
Chapter Number: Chapter 492
Fiscal Impact: No Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
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Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
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