KY HB153 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on March 24 2017 - 100% progression
Action: 2017-03-24 - signed by Governor (Acts, ch.106)
Text: Latest bill text (Draft #2) [PDF]
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on March 24 2017 - 100% progression
Action: 2017-03-24 - signed by Governor (Acts, ch.106)
Text: Latest bill text (Draft #2) [PDF]
Summary
Amend KRS 304.30-050 to authorize insurance producers of personal and commercial lines to receive payment for arranging insurance premium financing for an insured if the agent discloses the source and amount of compensation for the financing in writing to the insured and the insurance producer is not paid as an advance on future premium finance agreements or as a bonus from the premium finance company for agreeing to place agreements with the premium finance company.
Title
AN ACT relating to compensation of insurance producers for services performed in relation to a premium finance loan.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-24 | House | signed by Governor (Acts, ch.106) |
| 2017-03-14 | House | delivered to Governor |
| 2017-03-14 | House | enrolled, signed by President of the Senate |
| 2017-03-14 | House | enrolled, signed by Speaker of the House |
| 2017-03-14 | House | received in House |
| 2017-03-14 | Senate | 3rd reading, passed 38-0 |
| 2017-03-08 | Senate | posted for passage in the Consent Orders of the Day for Tuesday, March 14, 2017 |
| 2017-03-06 | Senate | 2nd reading, to Rules |
| 2017-03-03 | Senate | reported favorably, 1st reading, to Consent Calendar |
| 2017-02-23 | Senate | to Banking & Insurance (S) |
| 2017-02-22 | Senate | received in Senate |
| 2017-02-21 | House | 3rd reading, passed 98-0 |
| 2017-02-16 | House | posted for passage in the Consent Orders of the Day for Tuesday, February 21, 2017 |
| 2017-02-16 | House | 2nd reading, to Rules |
| 2017-02-15 | House | reported favorably, 1st reading, to Consent Calendar |
| 2017-02-14 | House | posted in committee |
| 2017-02-07 | House | to Banking & Insurance (H) |
| 2017-01-06 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/17RS/HB153.htm |
| Text | http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB153/bill.pdf |
| Supplement | http://www.lrc.ky.gov/record/17RS/HB153/vote_history.pdf |
