Insurance
What changed between versions
New section requiring Department of Law Enforcement to accept fingerprints from insurance industry personnel including officers, directors, and employees of insurers
New section establishing standards for compensation arrangements and oversight of affiliate relationships between insurers and other entities
Revised the definition of 'diligent effort' for surplus lines coverage, changing requirements for when coverage can be exported to the surplus lines market
Revised conditions under which insurance coverage is eligible for export to surplus lines market, including changes to acknowledgment requirements
Removed the definition of 'diligent effort' from the Surplus Lines Law and replaced it with broader insurance-related provisions
New provisions authorizing the Office of Insurance Regulation to issue orders restricting fund transfers under specified circumstances