1997 Regular Session

SENATE BILL 750

File Code: Insurance - Liability and Miscellaneous Crossfiled with: HOUSE BILL 1099
Sponsored By:
Senators Della and Astle
Entitled:
Premium Financing - Administration, Cancellation, and Prohibitions

Synopsis:

Altering requirements for premium finance companies and premium finance agreements; altering requirements and contents of premium finance agreement terms, administration, charges, and cancellation; authorizing the financing of additional premiums under specified circumstances, subject to conditions and limitations; requiring specified notices to specified persons; providing for effects of a notice of dishonor; etc.

Legislative History

Senate Action
1/31
First Reading Finance
2/4
Hearing 2/25 at 1:00 p.m.
3/24
Favorable with Amendments Report by Finance
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (43-0)
4/5
Senate Concur - House Amendment
Third Reading Passed (47-0)
Passed Enrolled
5/22
Governor vetoed - Cross-filed bill was signed
House Action
3/24
First Reading Economic Matters
3/27
Hearing 4/1 at 1:00 p.m.
4/3
Favorable with Amendments Report by Economic Matters
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed with Amendments (135-0)
Sponsored by:
Senator George W. Della, Jr., District 47
Senator John C. Astle, District 30
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:
Senate
Number: 317345/2 (PDF) Offered on: MARCH 25, 1997 at: 11:57 Status: Adopted
House
Number: 113766/1 (PDF) Offered on: APRIL 3, 1997 at: 11:48 Status: Adopted