SB 778 Summary

• Creates the "Unauthorized Insurers and Surplus Lines Insurance Act" establishing licensing and regulatory requirements for surplus lines brokers, domestic surplus line insurers, and transactions with nonadmitted insurers.

• Establishes the "Uniform Health Carrier External Review Act" allowing covered persons to request independent external reviews of adverse health insurance determinations through an Insurance Commissioner-administered process.

• Requires health carriers to provide written renewal notices at least 30 days prior to policy expiration for auto and homeowner's insurance, with specified premium and coverage information.

• Creates new certificate of insurance regulations requiring Insurance Commissioner approval of forms and prohibiting false or misleading information about policy coverage terms.

• Makes most provisions effective November 1, 2011, with specified sections effective immediately upon passage.