HOUSE BILL 990

CHAPTER NUMBER: 677 File Code: Insurance - Liability and Miscellaneous

Sponsored By:

Delegate Kach

Entitled:

Insurance - Premium Finance Companies - Return of Premiums after Cancellation of Insurance Contract

Synopsis:

Requiring that an insurer return any gross unearned premiums to a premium finance company when an insurance contract is canceled regardless of whether the contract is canceled by the premium finance company, the insurer, or the insured; and altering the computation of time within which an insurer is required to return any gross unearned premiums to a premium finance company when an insurance contract is canceled under specified circumstances.

History by Legislative Date

House Action

2/12

First Reading Economic Matters

2/17

Hearing 3/11 at 1:00 p.m.

3/23

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/24

Third Reading Passed (136-0)

4/8

House Concur - Senate Amendments

Third Reading Passed (134-0)

Passed Enrolled

5/27

Signed by the Governor Chapter 677

Senate Action

3/25

First Reading Finance

3/26

Hearing 4/6 at 1:00 p.m.

4/9

Favorable with Amendments Report by Finance

4/7

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/9

Third Reading Passed with Amendments (47-0)

Bill indexed under the following Subjects:

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

FINANCE COMPANIES

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

Bill affects the following Statute:

Insurance

( 23-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)

Fiscal Note: Available (PDF)

Amendments:

House

Number: 103985/1 (PDF)     Offered on: March 23, 1999   at: 10:46 a.m.     Status: Adopted

Senate

Number: 847063/1 (PDF)     Offered on: April 9, 1999   at: 11:41 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 24, 1999: Third Reading Passed (136-0)

April 8, 1999: Third Reading Passed (134-0)

Senate

April 9, 1999: Third Reading Passed (47-0)