HB 591 CS (2005) -  Insurance Agents and Agencies

General Bill by Rivera (CO-SPONSORS) Goldstein; Kendrick; Zapata
Insurance Agents and Agencies: Revises provisions of law relating to insurance agents and agencies to: proscribe state agencies and political subdivisions from prohibiting or excluding licensed insurance agents from competing or negotiating for insurance products or plans; include insurance agencies among entities the Department of Financial Services is authorized to investigate; authorize the department or the Office of Insurance Regulation to electronically scan information; clarify a license fee; include insurance agencies among entities subject to regulation by the Chief Financial Officer; delay the effective date by which agencies must obtain a license; provide that an agency may file for registration in lieu of licensure; impose a fine on any agency that fails to timely apply for licensure or registration; specify licensure and registration application requirements for insurance entities other than insurance agencies; revise insurance agency licensure application requirements; revise exceptions to examination requirements and revise continuing education requirements; include insurance agencies under provisions prohibiting furnishing supplies to certain unlicensed agents and imposing civil liability; provide for renewal of licenses; include insurance agencies under an action reporting requirement; include insurance agencies under provisions providing funds reporting and accounting requirements and imposing criminal penalties; include insurance agencies under provisions prohibiting rebating; prohibit insurance producers and affiliates from accepting or receiving compensation from insurers or third parties; provide an exception relating to disclosures; specify that disclosures need not be made by specified persons; include insurance agencies under provisions authorizing the department to inquire into improper conduct; authorize the department to disapprove the use of names; provide additional grounds for the department to take compulsory and discretionary adverse insurance agency license actions; provide that the existence of grounds for adverse action against a licensed agency does not constitute grounds for adverse action against another licensed agency; clarify a ground for adverse actions against licenses or appointments; specify that requests for reinstatements are subject to denial and certain waiting periods; require applicants for additional licenses or appointments to apply and qualify; revise agent requirements for branch agencies to include life or health agents; specify an age requirement for applicants for a customer representative's license; provide that falsely representing a contract to be a contract of reinsurance is an unfair trade practice; specify prohibited activities for public adjusters; limit a public adjuster's commissions; provide requirements for public adjusters' contracts; provide general ethical requirements for public adjusters; limit the authority of a public adjuster to adjust total loss claims; prohibit persons from receiving unearned premiums from flood insurance carriers; repeal provisions relating to primary agents.
Effective Date: October 1, 2005.
Last Event: Died on Second Reading Calendar, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 1912 (Ch. 2005-257) on Friday, May 6, 2005 11:49 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: HB 1451 Subject: Insurance Relationship: Compare
Bill #: CS/CS/SB 1912 Subject: Insurance Agents & Agencies Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Commerce Council 4/26/2005 4:24:30 PM
Chamber: House Committee: Insurance Committee 3/28/2005 9:12:39 AM
Chamber: House Committee: Insurance Committee 3/21/2005 10:58:43 AM
Chamber: House Committee: Insurance Committee 3/17/2005 12:22:38 PM --UnPublished--

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 1912 (Ch. 2005-257) Time: 05/06/2005 - 11:49 PM Member: Committee: Version:
Event: H Amendment 478317 filed Time: 05/05/2005 - 11:18 AM Member: Committee: Version: c2
Event: H Amendment 044749 filed Time: 05/02/2005 - 12:15 PM Member: Committee: Version: c2
Event: H Amendment 338823 filed Time: 05/02/2005 - 12:14 PM Member: Committee: Version: c2
Event: H Amendment 585429 filed Time: 04/29/2005 - 2:44 PM Member: Committee: Version: c2
Event: H Amendment 611681 filed Time: 04/29/2005 - 1:24 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/26/2005 - 5:46 PM Member: Committee: Version: c2
Event: H Bill released to House Calendar Time: 04/26/2005 - 5:46 PM Member: Committee: Version: c2
Event: H Pending review of CS under Rule 6.3 Time: 04/26/2005 - 4:38 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Council Time: 04/26/2005 - 4:25 PM Member: Committee: Commerce Council Version: c1
Event: H Favorable with CS by Commerce Council(Amended) Time: 04/21/2005 - 12:00 PM Member: Committee: Commerce Council Version: c1
Event: H Added to Commerce Council agenda Time: 04/20/2005 - 6:44 PM Member: Committee: Commerce Council Version: c1
Event: H Added to Commerce Council agenda Time: 04/20/2005 - 6:44 PM Member: Committee: Commerce Council Version: c1
Event: H Now in Commerce Council Time: 04/20/2005 - 2:02 PM Member: Committee: Commerce Council Version: c1
Event: H Withdrawn from State Administration Appropriations Committee Time: 04/20/2005 - 2:02 PM Member: Committee: State Administration Appropriations Committee Version: c1
Event: H Added to Commerce Council agenda Time: 04/19/2005 - 4:13 PM Member: Committee: Commerce Council Version: c1
Event: H Now in State Administration Appropriations Committee Time: 03/29/2005 - 8:25 PM Member: Committee: State Administration Appropriations Committee Version: c1
Event: H Remaining referral: Commerce Council Time: 03/29/2005 - 8:25 PM Member: Committee: Commerce Council Version: c1
Event: H Remaining referral: State Administration Appropriations Committee Time: 03/29/2005 - 8:25 PM Member: Committee: State Administration Appropriations Committee Version: c1
Event: H Pending review of CS under Rule 6.3 Time: 03/28/2005 - 9:56 AM Member: Committee: Version: __
Event: H Reported out of Insurance Committee Time: 03/28/2005 - 9:11 AM Member: Committee: Insurance Committee Version: __
Event: H Favorable with CS by Insurance Committee Time: 03/17/2005 - 5:45 PM Member: Committee: Insurance Committee Version: __
Event: H Added to Insurance Committee agenda Time: 03/15/2005 - 4:16 PM Member: Committee: Insurance Committee Version: __
Event: H 1st Reading Time: 03/08/2005 - 10:57 PM Member: Committee: Version: __
Event: H Now in Insurance Committee Time: 02/07/2005 - 10:35 AM Member: Committee: Insurance Committee Version:
Event: H Bill referred to committee Time: 02/07/2005 - 10:35 AM Member: Committee: Commerce Council Version:
Event: H Bill referred to committee Time: 02/07/2005 - 10:35 AM Member: Committee: State Administration Appropriations Committee Version:
Event: H Bill referred to committee Time: 02/07/2005 - 10:35 AM Member: Committee: Insurance Committee Version:
Event: H Filed Time: 01/25/2005 - 11:39 AM Member: Rivera Committee: Version:

Statutes Referenced by this Bill

Statute Other Bill Citations
624.1275
624.317
624.318
624.501 HB 1437
626.015 HB 1437
626.016
626.025
626.112 HB 967, HB 1213, HB 1437
626.171
626.172
626.221
626.2815
626.292
626.321 HB 501
626.342
626.382
626.451
626.536
626.561
626.572
626.592
626.594
626.601
626.602
626.6115
626.621
626.6215
626.641 HB 1213
626.7351
626.7355
626.747
626.8411
626.854
626.9541 HB 463 CS
648.50 HB 1213