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IN HB1318
Bill
Status
4/24/2017
Primary Sponsor
Martin Carbaugh
Click for details
AI Summary
HEA 1318 Summary
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Establishes acceptable methods for proof of mailing in insurance matters, including USPS intelligent mail bar codes, certificates of mailing, and similar first-class mail tracking methods effective July 1, 2017.
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Permits insurance producer continuing education courses to cover sales promotion, sales techniques, motivation, psychology, and time management, with a 4-hour maximum per renewal period for these topics.
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Allows prospective continuing education course providers to electronically deliver supporting materials to the commissioner and clarifies approval procedures for courses effective July 1, 2017.
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Creates new Chapter 24 establishing protections for innocent coinsured parties on property and casualty insurance policies, allowing them to recover claims for primary residence losses even when another coinsured committed arson or related crimes, effective July 1, 2017.
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Makes administrative updates to insurance holding company transaction standards, temporary emergency adjuster licensing procedures, Lloyd's organization requirements, and state cyber liability insurance authority, with various provisions effective July 1, 2017.
Legislative Description
Insurance matters. Provides that, for purposes of the insurance law, a United States Postal Service intelligent mail bar code tracking record, a certificate of mailing, or another similar first class mail method may be used as proof of mailing. Provides that an insurance producer education course may concern sales, motivation, psychology, and time management. Limits continuing education in those areas to four hours per renewal period. Allows a prospective continuing education provider to electronically submit supporting materials for a course. Amends the description of an extraordinary dividend or distribution for purposes of the insurance holding company system law. Removes requirements
Last Action
Public Law 148
4/24/2017