Loading chat...

MS HB861

Bill

Official Source

Status

Failed

1/30/2018

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Prohibits insurance companies from paying bonuses or extra compensation to agents based on the number of claims filed or paid on an insurance policy
  • Prohibits insurance companies from paying bonuses or extra compensation to agents based on the actual dollar amount of claims paid on an insurance policy
  • Prohibitions apply whether compensation is paid directly or indirectly to the agent
  • Effective date: July 1, 2018

Legislative Description

Insurance companies; prohibit payment of loss ratio bonus to agents.

Last Action

Died In Committee

1/30/2018

Committee Referrals

Insurance1/11/2018

Full Bill Text

No bill text available