HB 1222-1_ Filed 01/13/2000, 13:58
Adopted 1/13/2000


Text Box

Adopted Rejected


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COMMITTEE REPORT


                                                        YES:

13

                                                        NO:
0

MR. SPEAKER:

    Your Committee on       Insurance, Corporations and Small Business     , to which was referred       House Bill 1222     , has had the same under consideration and begs leave to report the same back to the House with the recommendation that said bill be amended as follows:

    Replace the effective dates in SECTIONS 1 through 3 with "[EFFECTIVE JANUARY 1, 2001]".

SOURCE: Page 3, line 38; (00)CR122201.3. -->     Page 3, line 38, after "than" insert " a limited insurance representative's license or".
    Page 3, line 40, delete "An" and insert " A limited insurance representative's license and an".
    Page 3, line 40, delete "continues" and insert " continue".
    Page 5, line 20, delete "forty-eight (48)" and insert " forty (40)".
    Page 5, line 40, delete "forty-eight (48)" and insert " forty (40)".
    Page 6, delete lines 36 through 42, begin a new paragraph and insert:
SOURCE: ; (00)CR122201.4. -->     "SECTION 4. [EFFECTIVE JANUARY 1, 2001] (a) IC 27-1-15.5-3, IC 27-1-15.5-7.1, and IC 27-1-15.5-7.7, all as amended by this act, apply to a license that is renewed or issued after December 31, 2000.
    (b) An individual or entity who:
        (1) is licensed under IC 27-1-15.5; and
        (2) voluntarily surrenders the license before July 1, 2002;
may not renew the license or obtain a new license before the expiration date of the license that the individual or entity surrendered.
    (c) Until the commissioner adopts rules to establish a license renewal fee under IC 27-1-15.5-7.7, as amended by this act, the license renewal fee for a license renewed or issued after December 31, 2000, is two (2) times the fee that was charged for the license on December 31, 2000, if the license renewal period for the license was two (2) years.
    (d) This SECTION expires December 31, 2003.
".
    Delete page 7.
    (Reference is to HB 1222 as introduced.)

and when so amended that said bill do pass.

__________________________________

Representative Fry


CR122201/DI 97    2000