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Committee clears Insurance Department 'cleanup bill to modernize licensing and notice rules
Summary
Senate File 52, a Department of Insurance cleanup bill that removes several outdated paperwork requirements and clarifies licensing and notice provisions in Title 26, passed the House Corporations Committee unanimously.
The House Corporations Committee voted to advance Senate File 52, a Department of Insurance bill that makes a series of technical and procedural updates to state insurance statutes.
Deputy Insurance Commissioner Tana Howard told the committee the bill is largely a series of "cleanup" changes: clarifying the phrase "insurance transaction," removing the statutory requirement to send an original paper certificate of authority to licensed insurers, replacing registered mail with certified mail for certain legal notices, and requiring…
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