Pennsylvania Senate Bill 493 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on March 2 2009 - 25% progression, died in committee
Action: 2009-08-03 - Re-referred to APPROPRIATIONS
Pending: Senate Appropriations Committee
Text: Latest bill text (Amended) [HTML]

An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, further providing for definitions, for acting for or aiding nonadmitted insurers, for requirements for eligible surplus lines insurers, for other nonadmitted insurers, for surplus lines licensee's duty to notify insured, for declarations, for surplus lines advisory organizations, for evidence of insurance, for effect of payment to surplus lines licensee, for licensing of surplus lines licensee, for surplus lines licensee's acceptance of business from brokers, for records of surplus lines licensees, for monthly reports, for surplus lines tax, for tax on independently procured insurance, for suspension, revocation or nonrenewal of surplus lines licensee's license and for penalties; and providing for compliance.

Further providing for definitions, for acting for or aiding nonadmitted insurers, for requirements for eligible surplus lines insurers, for other nonadmitted insurers, for surplus lines licensee's duty to notify insured, for declarations, for surplus lines advisory organizations, for evidence of insurance, for effect of payment to surplus lines licensee, for licensing of surplus lines licensee, for surplus lines licensee's acceptance of business from brokers, for records of surplus lines licensees, for monthly reports, for surplus lines tax, for tax on independently procured insurance, for suspension, revocation or nonrenewal of surplus lines licensee's license and for penalties; and providing for compliance.

Sen. Jay Costa [D]

Sen. Wayne Fontana [D]

Sen. Sean Logan [D]

Sen. Mike Stack [D]

Date	Chamber	Action
2009-08-03		Re-referred to APPROPRIATIONS
2009-07-15		First consideration
2009-07-15		Reported as amended
2009-03-02		Referred to BANKING AND INSURANCE

Type	Source
Summary	https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2009&sind=0&body=S&type=B&bn=493
Text	https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=HTM&sessYr=2009&sessInd=0&billBody=S&billTyp=B&billNbr=0493&pn=0500
Text	https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=HTM&sessYr=2009&sessInd=0&billBody=S&billTyp=B&billNbr=0493&pn=1310