AN ACT relating to compensation of insurance producers for services performed in relation to a premium finance loan. 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.
Bill status
signed
all 3 stages cleared
Introduction
Jan 2017
Committee Review
Feb 2017
Signed into Law
Mar 2017
Introduced Jan 6, 2017
Signed Mar 24, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
2
Committee
3
Mar 24, 2017
Signed into law
Signed by Governor (Acts, ch.106)
legislature
Feb 23, 2017
Committee
To Banking & Insurance (S)
legislature
Feb 14, 2017
Legislature · Passed
Posted in committee
legislature
Feb 7, 2017
Committee
To Banking & Insurance (H)
legislature
Jan 6, 2017
Introduced
Introduced in House
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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