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AI Summary: The bill focuses on the regulation of insurance providers by requiring them to be licensed. It prohibits unauthorized insurers from operating, with exceptions for surplus line brokers. The bill also removes the authority for membership in the Surplus Line Insurance Multi-State Compliance Compact Act. This legislation aims to enhance oversight and compliance within the insurance industry by ensuring all insurers are properly licensed while making specific changes to existing regulations.
Latest Action: Read for the first time and referred to the House Committee on Insurance
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Actions (10):
2024-02-07 : Read for the first time and referred to the House Committee on Insurance
2024-02-07 : Pending House Insurance
2024-02-14 : Reported Out of Committee House of Origin
2024-02-14 : Read for the Second Time and placed on the Calendar
2024-02-20 : Third Reading in House of Origin
2024-02-20 : Motion to Read a Third Time and Pass - Adopted Roll Call 19
2024-02-20 : Read for the first time and referred to the Senate Committee on Banking and Insurance
2024-02-20 : Pending Senate Banking and Insurance
2024-03-20 : Reported Out of Committee Second House
2024-03-21 : Read for the Second Time and placed on the Calendar
Democrat Republican