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IntroducedFeb 18, 2025
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Passed House
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Passed Senate
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Signed into Law
AN ACT CONCERNING ELECTRONIC POSTING OF CERTAIN DOCUMENTS BY INSURERS, NONRENEWAL OR CANCELLATION OF PROPERTY AND CASUALTY INSURANCE POLICIES, FEDERAL HOME LOAN BANKS AND THE INSURERS REHABILITATION AND LIQUIDATION ACT, HYPOTHECATION OF ASSETS AND SURPLUS LINES INSURANCE. To: (1) Allow insurers to post certain insurance policies and endorsements on such insurers' Internet web sites; (2) allow property and casualty insurers to provide policy nonrenewal or cancellation notices by United States Postal Service intelligent mail barcode tracking; (3) extend certain protections to a Federal Home Loan Bank for any pledge, security, credit, collateral, loan, advance, reimbursement or guarantee agreement or arrangement or any similar agreement or arrangement or other credit enhancement to which such bank is a party with an insurance company that is under conservation, rehabilitation, liquidation or administrative supervision by the Insurance Department; (4) allow any domestic insurer, health care center or fraternal benefit society to pledge, hypothecate or encumber such insurer's, center's or society's assets in connection with participation in the Federal Home Loan Bank System; and (5) exempt insurance policies that are procured through unaffiliated wholesale surplus lines insurance brokers from the requirement that insurers and surplus lines insurers sign a statement that diligent efforts were made to obtain insurance from a licensed insurer.
Last Action See all actions
House • Feb 21, 2025: Public Hearing 02/27
Latest Bill Text See all bill texts
Feb 27, 2025 10:00am
LOB Zoom and YouTube Live
Summary/Bill Text
Comments on HB 6981
Tweets
Whip Lists
Sponsors
- Insurance and Real Estate Committeeprimary
Votes
Actions
- Feb 21, 2025 | House
- Public Hearing 02/27
- Feb 18, 2025 | House
- Referred to Joint Committee on Insurance and Real Estate
Bill Texts
Documents