This bill changes insurance agent and broker licensing from one year to two years. It also provides for a continuing education program for insurance agents and brokers. The change will go into effective for agents in 2001 and for brokers and other individual license types in 2002. Fees for licensure doubled along with the new licensing law to maintain a revenue neutral status. Section 18 of the Act requires that health insurers offer dependent coverage to parties to a civil union and their families.
Dependent coverage is defined as family coverage or two-person coverage.
This Act provides that a social host who furnishes intoxicating liquor to a minor is liable under the Dram Shop Act for damages and injuries caused by the intoxicated minor. The Act known as the livable income bill, impacts among other things, workers compensation insurance with respect to the payment of lost time injuries regarding the average weekly wage. The method for the calculation of this benefit has not changed.