2001 Regular Session

HOUSE BILL 283

CHAPTER NUMBER: 652 File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 198
Sponsored By:
Delegates Gordon, Love, and Sophocleus
Entitled:
Insurance - Late Fees and Installment Fees

Synopsis:

Authorizing authorized insurers to charge and collect, instead of or in addition to a reasonable installment fee, a reasonable late fee for late payment of insurance premiums if approved by the Insurance Commissioner; requiring the Commissioner to review administrative expenses; establishing that the late fee or installment fee may not exceed $10; prohibiting the imposition of a late fee during a grace period or, if no grace period is required, until two business days after the date the payment becomes due; etc.

History by Legislative Date

House Action
1/26
First Reading Economic Matters
Hearing 2/1 at 1:00 p.m.
2/12
Favorable with Amendments Report by Economic Matters
2/13
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/16
Third Reading Passed (125-1)
3/31
House Refuses to Concur - Senate Amendments
House Requests Senate Recede
Conference Committee Appointed ...
Delegates Gordon, Krysiak, and McClenahan
4/3
Conference Committee Report Adopted
Third Reading Passed (138-0)
4/5
Passed Enrolled
5/18
Signed by the Governor Chapter 652
Senate Action
2/19
First Reading Finance
3/9
Hearing 3/27 at 1:00 p.m.
3/29
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/30
Third Reading Passed with Amendments (42-4)
4/3
Senate Refuses to Recede
Conference Committee Appointed ...
Senators DeGrange, Astle, and Della
4/5
Conference Committee Report Adopted
Third Reading Passed (44-2)
Sponsored by:
Delegate Michael R. Gordon, District 17
Delegate Mary Ann E. Love, District 32
Delegate Theodore Sophocleus, District 32
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
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 (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 113196/1 (PDF)     Offered on: February 13, 2001   at: 10:32 a.m.     Status: Adopted
Senate
Number: 317174/1 (PDF)     Offered on: March 29, 2001   at: 12:22 p.m.     Status: Adopted
Conference Committee Documents::
Report Number: 883529/1 (PDF)     Offered on: April 9, 2001   at: 10:35 a.m.     Status: Adopted
Amendment Number: 813020/1 (PDF)     Offered on: April 9, 2001   at: 10:37 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
February 16, 2001: Third Reading Passed (125-1)
April 3, 2001: Third Reading Passed (138-0)
Senate
March 30, 2001: Third Reading Passed (42-2)
April 5, 2001: Third Reading Passed (44-2)