April 1, 2005





ENGROSSED

HOUSE BILL No. 1375

_____


DIGEST OF HB 1375 (Updated March 31, 2005 11:33 am - DI 110)



Citations Affected: IC 27-1.

Synopsis: Waiver of insurance producer requirements. Requires the commissioner of the department of insurance to establish a policy to allow a waiver of continuing education and license renewal requirements for certain insurance producers.

Effective: July 1, 2005.





Klinker, Borders, Ripley, Fry
(SENATE SPONSORS _ PAUL, LEWIS, ALTING, ROGERS)




    January 13, 2005, read first time and referred to Committee on Insurance.
    January 31, 2005, reported _ Do Pass.
    February 3, 2005, read second time, amended, ordered engrossed.
    February 4, 2005, engrossed.
    February 7, 2005, read third time, passed. Yeas 92, nays 0.

SENATE ACTION

    February 14, 2005, read first time and referred to Committee on Insurance and Financial Institutions.
    March 31, 2005, reported favorably _ Do Pass.






April 1, 2005

First Regular Session 114th General Assembly (2005)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2004 Regular Session of the General Assembly.


ENGROSSED

HOUSE BILL No. 1375



    A BILL FOR AN ACT to amend the Indiana Code concerning insurance.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 27-1-15.7-2.5; (05)EH1375.1.1. -->     SECTION 1. IC 27-1-15.7-2.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 2.5. The commissioner shall, not later than September 1, 2005, establish a policy to allow a waiver of the:
        (1) continuing education requirements of this chapter; and
        (2) license renewal requirements of IC 27-1-15.6 and this chapter;
for an insurance producer who is serving on active duty in the armed forces of the United States in an area designated as a combat zone by the President of the United States.