S.F. No. 0139

Real estate agents-errors and omissions insurance.

Sponsored By:     Senator(s) Barrasso and Representative(s) Martin, Olsen and Petersen

AN ACT relating to real estate brokers and salesmen; requiring real estate brokers, associate brokers and salesmen to obtain and submit proof of errors and omissions insurance; providing for the real estate commission to procure group coverage; authorizing rulemaking; authorizing a fee; providing for exceptions; and providing for an effective date.

1/16/2007   Bill Number Assigned

1/17/2007   S Received for Introduction

1/17/2007   S Introduced and Referred to S07

2/1/2007    S07 Recommended Amend and Do Pass

ROLL CALL

Ayes:  Senator(s) Case, Cooper, Decaria, Larson and Scott

Ayes 5 Nays 0 Excused 0 Absent 0 Conflicts 0

2/1/2007    S Placed on General File

SF0139SS001/ADOPTED  (CORRECTED COPY)

Page 3-line 8           Delete "annual".

Page 3-line 24          Delete "ten dollars ($10.00) per" insert "ten percent (10%) of the premium.".

Page 4-line 1           Delete "licensee.".  CASE, CHAIRMAN

2/2/2007    S Passed CoW

2/5/2007    S Passed 2nd Reading

2/6/2007    S Passed 3rd Reading

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Barrasso, Burns, Case, Coe, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Larson, Massie, Meier, Mockler, Nicholas, Perkins, Peterson, Ross, Schiffer, Scott, Sessions, Townsend, Vasey and Von Flatern

Excused:  Senator(s) Peck

Ayes 29 Nays 0 Excused 1 Absent 0 Conflicts 0

2/7/2007    H Received for Introduction

2/7/2007    H Introduced and Referred to H07

2/9/2007    H07 Recommended Amend and Do Pass

ROLL CALL

Ayes:  Representative(s) Brown, Gentile, Gilmore, Illoway, Martin, Miller, Walsh and Zwonitzer, Dn.

Nays:  Representative(s) Quarberg

Ayes 8 Nays 1 Excused 0 Absent 0 Conflicts 0

2/9/2007    H Placed on General File

SF0139HS001/ADOPTED  (TO ENGROSSED COPY)

Page 2-line 24          After "limits" insert "and terms"; after "of" insert "the".

Page 3-line 17          After "coverage." insert "The maximum premium amount shall be adjusted annually by the annual rate of inflation in this state for the preceding twelve (12) month period as calculated by the department of administration and information.".  ILLOWAY, CHAIRMAN

SF0139HW001/ADOPTED  (TO ENGROSSED COPY)

Page 3-line 3           Delete "annual".   OLSEN

2/15/2007   H Passed CoW

2/16/2007   H Passed 2nd Reading

2/20/2007   H Passed 3rd Reading

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Berger, Blake, Brechtel, Brown, Buchanan, Childers, Cohee, Craft, Davison, Dockstader, Edmonds, Edwards, Esquibel, F., Esquibel, K., Gentile, Gilmore, Gingery, Goggles, Hallinan, Hammons, Harshman, Harvey, Iekel, Illoway, Jaggi, Jones, Jorgensen, Landon, Lockhart, Lubnau, Madden, Martin, McOmie, Mercer, Meyer, Millin, Olsen, Petersen, Philp, Samuelson, Semlek, Shepperson, Simpson, Slater, Steward, Teeters, Thompson, Throne, Wallis, Walsh, Warren, White, Zwonitzer, Dn. and Zwonitzer, Dv.

Nays:  Representative(s) Diercks and Quarberg

Excused:  Representative(s) Miller

Ayes 57 Nays 2 Excused 1 Absent 0 Conflicts 0

2/21/2007   S Did Concur

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Barrasso, Burns, Case, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Massie, Meier, Mockler, Nicholas, Perkins, Peterson, Ross, Schiffer, Sessions, Townsend and Von Flatern

Nays:  Senator(s) Coe, Larson, Scott and Vasey

Excused:  Senator(s) Peck

Ayes 25 Nays 4 Excused 1 Absent 0 Conflicts 0

2/21/2007   Assigned Number SEA No. 0046

2/21/2007   S President Signed SEA No. 0046

2/22/2007   H Speaker Signed SEA No. 0046

2/22/2007   Governor Signed SEA No. 0046

2/22/2007   Assigned Chapter Number

Chapter No. 0095  Session Laws of Wyoming 2007.