House Bill 153

Actions
Last Action signed by Governor (Acts, ch.106)
Title AN ACT relating to compensation of insurance producers for services performed in relation to a premium finance loan.
Bill Documents Introduced
Bill Request Number 931
Sponsors M. Meredith, J. Greer, 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

Actions

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01/06/17
  • introduced in House
02/07/17
  • to Banking & Insurance (H)
02/14/17
  • posted in committee
02/15/17
  • reported favorably, 1st reading, to Consent Calendar
02/16/17
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Tuesday, February 21, 2017
02/21/17
  • 3rd reading, passed 98-0
02/22/17
  • received in Senate
02/23/17
  • to Banking & Insurance (S)
03/03/17
  • reported favorably, 1st reading, to Consent Calendar
03/06/17
  • 2nd reading, to Rules
03/08/17
  • posted for passage in the Consent Orders of the Day for Tuesday, March 14, 2017
03/14/17
  • 3rd reading, passed 38-0
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/24/17
  • signed by Governor (Acts, ch.106)


Last updated: 1/16/2019 3:02 PM (EST)