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HI SB2768

Bill

Official Source

Status

Passed

4/24/2012

Primary Sponsor

Shan Tsutsui

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Eliminates the requirement that applicants must hold an underlying producer license before applying for a surplus lines broker license, conforming to National Association of Insurance Commissioners unified standards
  • Provides greater clarity and consistency in licensing requirements for insurance producers selling annuity products
  • Clarifies licensing requirements for reinsurance intermediaries and removes unnecessary licensing conditions
  • Supported by the Department of Commerce and Consumer Affairs and the National Association of Insurance and Financial Advisors

Legislative Description

Insurance; Licensing Requirements

Last Action

(S) Act 066, 4/24/2012 (Gov. Msg. No. 1167).

4/25/2012

Committee Referrals

Ways and Means2/14/2012
Commerce and Consumer Protection1/25/2012

Full Bill Text

No bill text available