FINAL BILL REPORT

SSB 5849

                                   C 14 L 87

BYSenate Committee on Financial Institutions (originally sponsored by Senators Bottiger, Deccio, Talmadge and Sellar)

Requiring a notice of insurance cancellation be sent to agent or broker who procured the policy.

Senate Committee on Financial Institutions

House Committe on Financial Institutions & Insurance

SYNOPSIS AS ENACTED

BACKGROUND:

When an insurer cancels a policy, notification must be delivered to the insured, and the insurance representative not less than 45 days prior to the cancellation.  Occasionally the procuring agents or brokers are not notified of the cancellation because they are not considered the representative in charge of the subject matter.

SUMMARY:

Whenever an insurer is required to give notification of cancellation or nonrenewal to an insured, a copy must be sent simultaneously to the insured's agent or broker of record.

VOTES ON FINAL PASSAGE:

      Senate    47     0

      House 96   0

EFFECTIVE:July 26, 1987