Compiled July, 2012
Our review of the annotated history reveals the following legislative history (every “c.” below represents a separate legislative bill):
Added: 1986, 781
Amended:
• 1987, c. 643: added “a disability insurer, a nonprofit hospital service plan, an agent of a disability insurer or nonprofit hospital service plan,” in subdivision (f); added subdivision (g); redesignated former subdivision (g) to be subdivision (h); and added the second sentence of subdivision (h).
• 1995, c. 921: substituted “broker-agent” for “agent”, “broker-agents” for “agents”, broker-agent’s” for “agent’s”, and “agency or brokerage contract” for “agency contract” throughout; in subdivision (a), substituted “written agency or written brokerage contract, where the broker-agent represents the insurer,” for “written agency contract”; in subdivision (b)(5), deleted “agency” preceding “license”; in subdivision (c), in the first sentence, substituted “When a broker-agent’s contract is terminated” for “When an agent’s authority to represent an insurer is terminated”, deleted “agency” following “set forth in the terminated”, in the second sentence, deleted “agency” preceding “contract” in two places; in subdivision (d), inserted the second, and added the fourth and fifth sentences, relating to insurers prohibited from nonrenewing risks, paying commissions to terminated broker-agents, and subtracting rehabilitation time, respectively; in subdivision (g), added “, or an insurance broker as defined in Section 1623”; inserted subdivision (h) defining rehabilitation program and relating to good faith effort; inserted subdivision (i), relating to actions to avoid the provisions of subdivision (a); redesignated as subdivision (j) former subdivision (h); and added subdivision (k), relating to application to contracts becoming effective or amended on or after Jan. 1, 1996.
• 1999, c. 753: made nonsubstantive change in subdivision (a); in subdivision (b), in par. (4), substituted “if” for “where” and deleted “such” following “set forth”; added par. (7) relating to transferring ownership or control of policies; and rewrote subdivisions (e), (j), and (k).
Four bills affected this section.
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