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House unanimously approves insurance law revisions (first substitute HB200)
Summary
Under suspension of the rules the House passed first substitute House Bill 200, a set of insurance law revisions covering surplus lines tax calculation, consumer protections, title producer training, fiduciary safeguards and other technical changes, by voice vote and later 67‑0 on final passage, sending it to the Senate.
The Utah House considered first substitute House Bill 200 (Insurance law revisions) under suspension of the rules and approved it for final passage on Feb. 8, 2005. Sponsor Representative James Dunigan outlined technical and consumer‑protection changes including consistency in surplus lines tax calculations, deletion of superseded sections, requirements for title producers, fiduciary trust account requirements for reserve funds and additional consumer protections for automobile insurance medical payments.
Representative Dunigan moved to consider the substitute under suspension of the rules and explained the bill narrowed scope following committee amendments and changed short title accordingly. Several members expressed support; Representative Snow thanked the sponsor for cooperation on changes, and the House passed the bill 67‑0 on final passage and referred it to the Senate.
The bill was described on the floor as an insurance department bill with stakeholder support from trade groups including the Utah Land Title Association and independent insurance agents. No floor amendments were adopted after the motion to consider under suspension of the rules.
The bill will be transmitted to the Senate for further consideration.
