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HB 627: Interstate Insurance Product Regulation Compact

GENERAL BILL by Hart ; (CO-INTRODUCERS) Valdes

Interstate Insurance Product Regulation Compact; Expands opt out provision to exclude annuity & disability income insurance from uniform interstate standards for insurance products; revises effective date for applicability of uniform standards to other insurance products; provides that state prospectively opts out of future interstate standards; deletes authority to opt out of administrative order; deletes opt out of additional specified uniform standards.

Effective Date: upon becoming a law
Last Action: 5/3/2019 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF



Bill History

Date Chamber Action
2/1/2019 House • Filed
2/13/2019 House • Referred to Insurance and Banking Subcommittee; Civil Justice Subcommittee; Commerce Committee -HJ 70
3/5/2019 House • Introduced -HJ 70
5/3/2019 House • Indefinitely postponed and withdrawn from consideration
• Died in Insurance and Banking Subcommittee