16RS House Bill 252

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Last Action	to Banking & Insurance (S)
Title	AN ACT relating to compensation of insurance producers for services performed in relation to a premium finance loan.
Bill Documents	Bill
Bill Request Number	391
Sponsors	M. Meredith, B. Rowland
Summary of Original Version	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.
Index Headings of Original Version	Insurance - Financing of insurance premiums, personal and commercial lines, not a rebate Insurance - Premium financing, requirements for not violating rebate prohibition
Votes	Vote History

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01/14/16	introduced in House
01/19/16	to Banking & Insurance (H)
03/21/16	posting waived
03/22/16	reported favorably, 1st reading, to Consent Calendar
03/23/16	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Thursday, March 24, 2016
03/24/16	3rd reading, passed 96-0
03/25/16	received in Senate
03/28/16	to Banking & Insurance (S)