00RS HB765


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HB 765 (BR 2153) - I. Branham, S. Baugh, J. Bruce, R. Crimm, J. Gooch

     AN ACT relating to insurance.
     Create a new section of Subtitle 20 of KRS Chapter 304 to provide that any policy or inspection fee in consideration for a property and casualty insurance contract shall be deemed fully earned.


     HCA (1, I. Branham) - Delete original language; create a new section in Subtitle 13 of KRS Chapter 304 to provide that any policy fee related to underwriting expenses for a property or casualty contract by an agent licensed under KRS 304.9-085 shall be deemed fully earned; provide that the fee may be collected only if the coverage is provided.

     Feb 22-introduced in House
     Feb 23-to Banking and Insurance (H)
     Mar 1-posting waived; posted in committee
     Mar 2-reported favorably, 1st reading, to Calendar with committee amendment (1)
     Mar 3-2nd reading, to Rules
     Mar 6-posted for passage in the Regular Orders of the Day for Tuesday, March 7, 2000
     Mar 7-3rd reading, passed 92-0 with committee amendment (1)
     Mar 8-received in Senate
     Mar 10-to Banking and Insurance (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar
     Mar 22-2nd reading, to Rules
     Mar 23-posted for passage in the Consent Orders of the Day for Friday, March 24, 2000
     Mar 24-3rd reading, passed 38-0; received in House; enrolled, signed by each presiding officer, delivered to Governor
     Apr 4-signed by Governor (Acts ch. 314)

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