Tuesday, April 10, 2012

IIABL Legislative Update - April 4, 2012

Following are the bills and its corresponding information.
Senate Insurance Committee
SB 167- Provides for portable electronics insurance policies - Favorably with amendments
SB 231- Provides relative to prior authorization forms- Favorably with amendments
SB 233- provides for use of a parish address as the major geographic factor in writing automobile insurance. The insurance industry is opposed to SB 233 because it would require insurers to use parish rating territories instead of zip code rating territories. This will result in broader geographic rating territories, which will not be as precise as zip code rating.

House Insurance Committee
HB 258-  Provides relative to homeowners insurance credits and discounts
HB 513-  Provides relative to the Bail Bond Apprentice Program within the Dept. of Insurance
HB 624- Requires registration of certain appraisers with the Department of Insurance, and lists associated fees
HB 849- Provides relative to reinsurance credits and accreditation requirements
HB 970- Provides relative to insurance holding companies. Became HB 1191  

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