Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker.
Insurance; Unauthorized Insurers and Surplus Lines Insurance Act; surplus lines insurer; brokers; producers; agents; repealer; effective date.
Department of Insurance, surplus line brokers providing insurance not readily available by licensed agents in this state
Department of Insurance, surplus line brokers providing insurance not readily available by licensed agents in this state
Permits licensed insurance agents, brokers, adjusters, consultants, and intermediaries to carryover up to five hours of continuing education credit per biennial licensing period.
Permits companies to assess various insurance quotes without having binding agreements with insurance brokers.
Requires rate filings for prior approval for commercial property insurance, commercial general liability insurance, and personal residential property insurance; requires insurers provide written explanations for premium increases in certain covered policies; requires certain insurers of homeowners' insurance to refile its homeowners' insurance rates and, in certain circumstances, be required to reduce rates.
Licensing and registration of limited lines travel insurance producers and travel retailers provided, and sale and regulation of travel insurance provided.
Limited lines travel insurance producers and travel retailers licensing and registration provision and travel insurance sale and regulation provision
Real estate transactions; required disclosure forms; description of brokerage services; terms of compensation; required written brokerage agreements under certain circumstances; penalties and fines for certain violations; duties of qualifying brokers and licensees; scope of operation of teams