SB106 Summary

• Eliminates automobile and industrial fire lines of authority for insurance producers, transitioning existing licenses to personal lines and property lines respectively upon renewal.

• Adds travel and crop insurance as limited lines insurance, and creates new licensing provisions for portable electronics insurance requiring vendors to obtain limited lines producer licenses.

• Provides exceptions to prelicensing course requirements for applicants with college insurance degrees and for variable life/variable annuity applicants, while exempting variable life/annuity applicants from examination if they hold life line authority and securities registration.

• Authorizes the Commissioner of Insurance to require fingerprints and criminal history background checks for new applicants, prescribe alternative service methods for complaints, and eliminate certain continuing education requirement exemptions with grandfather provisions for currently exempt producers.

• Requires insurance licensees to notify the Commissioner of changes in mailing address or electronic mail address within 30 days and eliminates the requirement for producers to certify compliance with continuing education on renewal forms.