HB 623-FN (2005): relative to licensing requirements in the insurance and financial services industries.

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“HB 623-FN (2005): relative to licensing requirements in the insurance and financial services industries.” Granite Record, https://graniterecord.org/bill/2005/hb623. Accessed 24 Oct. 2026.
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@misc{bill-2005-hb623, title = {HB 623-FN (2005): relative to licensing requirements in the insurance and financial services industries.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2005/hb623}, note = {Accessed 24 Oct. 2026} }

HB 623-FN (2005)

relative to licensing requirements in the insurance and financial services industries.

  • Status: Signed into law
  • Term: 2005-2006
  • House committee: Commerce
  • Senate committee: Banks and Insurance
  • Subject: Insurance
  • Chapter law: 206

The Story

It was introduced on January 26, 2005 and referred to the House Commerce committee. The committee held a public hearing on February 15, 2005. The committee voted 13–6 to recommend that the House pass it with changes. On March 9, 2005 the House voted to pass it with changes on a voice vote, then referred it on to the House Criminal Justice and Public Safety committee. On March 30, 2005 the House adopted “Susp Rules for Report & Action Deadlines” on a voice vote. On April 13, 2005 the House voted to pass it. It crossed to the Senate on April 14, 2005 and was referred to the Senate Banks and Insurance committee. The committee held a public hearing on May 3, 2005. The committee recommended that the Senate pass it. On May 19, 2005 the Senate voted to pass it on a voice vote and ordered it to a third reading. On May 20, 2005 the Senate voted to pass it. The bill was enrolled on June 15, 2005 — the final check of the text before it goes to the governor — and an enrolled bill amendment (1748) was adopted to correct technical errors found after passage. The bill was enrolled on June 29, 2005 — the final check of the text before it goes to the governor. The governor signed it on July 1, 2005, making it Chapter 206 of the session laws. It took effect on January 1, 2006.

Sponsors

Hearings and Sessions

  • February 15, 2005, 2:30 PM: hearing, House Commerce, RM302,LOB
  • May 3, 2005, 10:55 AM: hearing, Senate Banks and Insurance, LOB 102

Votes

  • March 9, 2005, House: Ought to Pass with Amendment — voice vote, passed
  • March 30, 2005, House: Susp Rules for Report & Action Deadlines — voice vote, passed
  • May 19, 2005, Senate: Ought to Pass — voice vote, passed

The Docket

  • January 26, 2005: Introduced and ref to Commerce
  • February 2, 2005: Report due Early <cj>
  • February 15, 2005: Hearing Feb 15 2:30 RM302,LOB
  • February 23, 2005: Comm Report OTP/AM for Mar 9 (vote 13-6;Reg)
  • February 23, 2005: Prop Comm Am{0370}
  • March 9, 2005: Comm Am, AA 2/3VV; Passed with Am and ref to Crim Just & PSfty, MA 2/3VV
  • March 30, 2005: Reps O'Neil & Craig Susp Rules for Report & Action Deadlines, MA 2/3VV
  • April 6, 2005: Crim Just Comm Report OTP for Apr 13 (vote 18-0;CC)
  • April 13, 2005: Passed (Consent Cal by nec 2/3)
  • April 14, 2005: Introduced and Referred to Banks and Insurance
  • May 3, 2005: Hearing; May 3, 2005, Room 102, LOB, 10:55 a.m.; SC17
  • May 11, 2005: Committee Report; Ought to Pass [05/19/05]; SC20
  • May 19, 2005: Ought to Pass, MA, VV; OT3rdg
  • May 20, 2005: Passed by Third Reading Resolution
  • June 9, 2005: Enrolled Bill Amendment{1748} Adopted
  • June 15, 2005: Enrolled Am{1748}, Adopted
  • June 15, 2005: Enrolled
  • June 29, 2005: Enrolled
  • July 1, 2005: Signed by the Governor on 7/1/2005 Eff: 1/1/2006 Chap: 0206

Laws It Would Change

From the General Court