2000 Regular Session

SENATE BILL 334

File Code: Insurance - Other than Health
Sponsored By:
Senators DeGrange, Bromwell, and Astle
Entitled:
Insurance Practices - Fees Imposed for Late Payment

Synopsis:

Authorizing an insurer to charge and collect reasonable fees for late payment of a premium by a policyholder, if those late fees are approved by the Insurance Commissioner.

History by Legislative Date

Senate Action
2/2
First Reading Finance
Hearing 2/22 at 1:00 p.m.
3/20
Favorable Report by Finance
Favorable Report Adopted
Second Reading Passed
3/22
Third Reading Passed (45-2)
House Action
3/22
First Reading Economic Matters
3/28
Hearing 3/30 at 1:00 p.m.
Sponsored by:
Senator James E. DeGrange, Sr., District 32
Senator John C. Astle, District 30
Senator Thomas L. Bromwell, District 8
Bill indexed under the following Subjects:
FEES -see also- DEVELOPMENT FEES AND TAXES
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
Bill affects the following Statute:
Insurance
( 27-216 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Vote (Legislative date is shown):
Senate
March 22, 2000: Third Reading Passed (45-2)