FIC: House Panel Approves Simpler Personal Lines Residential Policy Transfer

By:  Sam Miller, FIC Consultant HB 805 Insurance Policy Transfers — by IngogliaAmendment by Rep. Ingoglia: [612675] The House Insurance & Banking Subcommittee Tuesday approved a bill authorizing the transfer of a personal lines residential or commercial/residential policy as a renewal policy rather than a cancellation, nonrenewal, or termination; extending the simpler process currently allowed…

FIC: Package Adopts Provisions from NAIC Receivership Model Act, Comp Large Deductible Study

By: Sam Miller, FIC Consultant Passidomo amendment with recommendations from the NAIC 2016, Workers Compensation Large Deductibles Study adopted by the committee is available from this link: 374774. Farmer amendment adopted by the committee is available from this link: 865748. Senate B&I Staff Analysis is available from this link: SB 730 Staff Analysis. It does not…