1997 Regular Session

HOUSE BILL 1099

CHAPTER NUMBER: 273 File Code: Insurance - Liability and Miscellaneous Crossfiled with: SENATE BILL 750
Sponsored By:
Delegates Love, Barve, and Harrison
Entitled:
Premium Financing - Administration, Cancellation, and Prohibitions

Synopsis:

Altering provisions of law relating to premium finance companies and premium finance agreements; altering specified requirements and contents of premium finance agreements, their terms, administration, charges, and cancellation; authorizing the financing of additional premiums under specified circumstances, subject to conditions and limitations; providing for the effects of a notice of dishonor; altering and adding provisions relating to premiums and their return; etc.

Legislative History

House Action
2/6
First Reading Economic Matters
2/12
Hearing 3/11 at 1:00 p.m.
3/20
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (135-0)
3/31
House Concur - Senate Amendments
Third Reading Passed (134-0)
Passed Enrolled
4/29
Signed by the Governor Chapter 273
Senate Action
3/24
First Reading Finance
3/25
Hearing 3/31 at 1:00 p.m.
3/31
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/2
Third Reading Passed with Amendments (46-0)
Sponsored by:
Delegate Mary Ann E. Love, District 32
Delegate Kumar P. Barve, District 17
Delegate Hattie N. Harrison, District 45
Bill indexed under the following Subjects:
AGENTS AND BROKERS
FINANCE COMPANIES
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
NOTICES
PENALTIES
Bill affects the following Statutes:
Insurance
( 23-302.1 , 23-302.2 , 23-403.1 , 23-405 , 23-505.1 , 23-505.2 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)

Amendments:
House
Number: 233568/1 (PDF) Offered on: MARCH 20, 1997 at: 16:40 Status: Adopted
Senate
Number: 107246/1 (PDF) Offered on: MARCH 31, 1997 at: 21:20 Status: Adopted