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Committee advances HB6437 to modernize market conduct and licensing; debate over electronic notice defaults
Summary
HB6437 would modernize market conduct audits and allow electronic delivery for license suspension notices; committee discussion focused on whether electronic notices should default on or require opt-in.
The Insurance and Real Estate Committee voted to send HB6437, a Department of Insurance bill that updates market conduct and licensing rules, to the floor with proposed substitute language.
Committee presenters described the measure as modernizing audit procedures, communications to customers and other operations. One notable change in the substitute would permit notice of a suspended license to be delivered…
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