SENATE BILL REPORT

                  SHB 2846

              As Reported By Senate Committee On:

Commerce, Trade, Housing & Financial Institutions, February 22, 2000

Title:  An act relating to certain notices to agents or brokers.

Brief Description:  Providing certain notices to agents or brokers.

Sponsors:  House Committee on Financial Institutions & Insurance (originally sponsored by Representatives Benson, Hatfield, Sullivan, DeBolt, Barlean, Cairnes, Quall, McIntire and Delvin).

Brief History:

Committee Activity:  Commerce, Trade, Housing & Financial Institutions:  2/22/2000 [DP].

SENATE COMMITTEE ON COMMERCE, TRADE, HOUSING & FINANCIAL INSTITUTIONS

Majority Report:  Do pass.

  Signed by Senators Prentice, Chair; Benton, Gardner, Rasmussen, T. Sheldon and Winsley.

Staff:  Susan Jones (786-7784)

Background:  Whenever a cancellation notice or a notice regarding the renewal or non-renewal of an insurance policy is provided to an insured person, a copy of the notice must be provided at the same time to the agent or broker.

Summary of Bill:  The copy of the notice that must be provided to the agent or broker regarding cancellation, renewal or non-renewal of an insurance policy must be sent within five days of the notice being provided to the insured.   The copy can be sent electronically.

Appropriation:  None.

Fiscal Note:  Not requested.

Effective Date:  Ninety days after adjournment of session in which bill is passed.

Testimony For:  This bill moves us into the electronic age.  The ability to send the notices electronically will also save money on postage.

Testimony Against:  None.

Testified:  PRO: Clark Sitzes, Allstate; Bill Stauffacher, Independent Insurance Agents & Brokers.