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
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.
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
)
- 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)