Bill No.: HB0009                  Drafter:  LGC

LSO No.:  11LSO-0057              Effective Date:  7/1/2011

Enrolled Act No.:  HEA0023

Chapter No.:       60

Prime Sponsor:     Joint Corporations, Elections and Political Subdivisions Interim Committee

Catch Title:       Department of insurance-licensure revisions.

Subject:            Amending insurance licensure requirements.

Summary/Major Elements:

· This act amends insurance licensure requirements by:

· Repealing licensure requirements for insurance service representatives;

· Increasing license fees for nonresident agents, adjusters and insurance consultants;

· Clarifying that adjuster and surplus lines broker licenses are annual licenses and may lapse without payment of annual fees;

· Exempting persons who solicit, negotiate or sell certain types of coverage for trips from examination requirements;

· Providing for home state designation by insurance adjusters for purposes of meeting continuing education requirements; and

· Including motorcycles in the definition of rental car coverage.