Summary of the Introduced Bill

HB 353 -- Insurance Guaranty Associations

Co-Sponsors:  Luetkemeyer, Parker

This bill amends several provisions of the Property and Casualty
Insurance Guaranty Association Act.  The bill expands the
guaranty association's obligations for claims arising from bodily
injury, sickness, or disease, so as to include damages for pain
and suffering.

The bill also adds several provisions establishing the guaranty
association's obligations for insurance products that have been
created during the past several years and clarifies several
provisions regarding the administration of the guaranty fund, so
as to comply with the recommendations of the National Conference
on Insurance Guaranty Funds.

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Last Updated July 25, 2003 at 10:11 am