| SB 0862 | Modifies amount of bond broker must maintain in order to obtain surplus lines license |
| Sponsor: | Jacob | |||
| LR Number: | 3947S.01I | Fiscal Note: | 3947-01 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 01/31/00 - Referred S Insurance & Housing Committee | Journal page: | S158 | |
| Title: | ||||
| Effective Date: | August 28, 2000 | |||
SB 862 - This act allows the Director of Insurance to issue
a surplus lines license to a broker who maintains a bond in the
amount of $10,000 or in an amount equal to the tax liability of
the previous year, which is greater.
STEPHEN WITTE