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)