Introduced
by
To repeal a prohibition on an insurance premium finance company paying an employee or an insurance “producer” (agent) a commission or rebate for inducing the financing of an insurance policy with the finance company, with certain exceptions and additional required disclosures.
Referred to the Committee on Insurance
Reported without amendment
With the recommendation that the substitute (S1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 109 to 0 (details)
To repeal a prohibition on an insurance premium finance company paying an employee or an insurance “producer” (agent) a commission or rebate for inducing the financing of an insurance policy with the finance company, with certain exceptions and additional required disclosures.
