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CS/HB 1003: Insurance

GENERAL BILL by Jobs & Entrepreneurship Council ; Ford ; (CO-INTRODUCERS) Hasner ; Homan ; Legg ; Schenck

Insurance; Designates act "John and Patricia Seibel Act"; provides specified continuing education requirements for persons licensed to solicit or sell life insurance; provides for administrative fines & criminal penalties for offenses involving misleading representations or fraudulent comparisons or omissions, generating unlawful fees & commissions, or using fraudulent signatures, etc.

Effective Date: 01/01/2009 except as otherwise provided
Last Action: 5/2/2008 House - Died on Calendar, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2082 (Ch. 2008-237), CS/CS/SB 2860 (Ch. 2008-66)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/19/2008 House • Filed
    2/28/2008 House • Referred to Jobs & Entrepreneurship Council
    3/4/2008 House • Introduced, referred to Jobs & Entrepreneurship Council -HJ 00080
    3/11/2008 House • Referred to Financial Institutions (JE) by Jobs & Entrepreneurship Council -HJ 00227
    3/18/2008 House • On Committee agenda-- Financial Institutions (JE), 03/20/08, 9:45 am, 24-H
    3/20/2008 House • Favorable with 1 amendment(s) by Financial Institutions (JE); YEAS 6 NAYS 0 -HJ 00363
    3/28/2008 House • Now in Jobs & Entrepreneurship Council -HJ 00363; On Council agenda-- Jobs & Entrepreneurship Council, 04/01/08, 4:00 pm, Morris Hall --Temporarily deferred
    4/11/2008 House • On Council agenda-- Jobs & Entrepreneurship Council, 04/15/08, 4:00 pm, Morris Hall
    4/15/2008 House • CS by- Jobs & Entrepreneurship Council; YEAS 14 NAYS 0 -HJ 00614
    4/17/2008 House • CS read 1st time on 04/17/08 -HJ 00608; CS filed
    4/18/2008 House • Placed on Calendar -HJ 00681
    5/2/2008 House • Died on Calendar, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2082 (Ch. 2008-237), CS/CS/SB 2860 (Ch. 2008-66)

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  • CS/HB 1003, Committee Substitute 1 (Current Bill Version) Posted 4/17/2008 at 5:00 PM

    Bill Text:   Web Page | PDF
    Analyses:   Jobs & Entrepreneurship Council (Post-Meeting) (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 2082 (e2) Bennett Similar Last Action: 6/30/2008 Approved by Governor; Chapter No. 2008-237
    Location:
    S 2860 (e3) Geller Compare Last Action: 5/8/2009 S Line Item(s) Veto Message transmitted to Secretary of State; Chapter 2008-66; See also CS/HB 697 (Ch. 2008-191), CS/CS/SB 2012 (Ch. 2008-220)
    Location:

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    626.171 Application for license as an agent, customer representative, adjuster, service representative, managing general agent, or reinsurance intermediary.
    626.2815 Continuing education required; application; exceptions; requirements; penalties.
    626.551 Notice of change of address, name.
    626.9521 Unfair methods of competition and unfair or deceptive acts or practices prohibited; penalties.
    626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined.
    626.99 Life insurance solicitation.
    627.0655 Policyholder loss or expense-related premium discounts.
    627.4554 Annuity investments by seniors.
    627.805 Regulation of variable and indeterminate value contracts; rules.

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  • HB 1003, Original Filed Version Posted 2/19/2008 at 3:20 PM

    Bill Text:   Web Page | PDF
    Analyses:   Committee on Financial Institutions (Post-Meeting) (pdf)
    Committee on Financial Institutions (Post-Meeting) (pdf)
    Jobs & Entrepreneurship Council (Post-Meeting) (pdf)

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.4554 Annuity investments by seniors.

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