HB3999 — Relating to the transfer and statutory novation of insurance policies from a transferring insurer to an assuming insurer through an insurance business transfer plan; authorizing fees.

HB3999 — Relating to the transfer and statutory novation of insurance policies from a transferring insurer to an assuming insurer through an insurance business transfer plan; authorizing fees. · Informed CitizenryThe bill amends the Insurance Code by adding Chapter 806, titled "Insurance Business Transfers," to establish a statutory framework for the transfer and novation of insurance policies from a transf…Open in Informed Citizenry