2001 Regular Session

SENATE BILL 198

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 283
Sponsored By:
Senators DeGrange, Astle, Blount, Bromwell, Dorman, Haines, Kelley, and Teitelbaum
Entitled:
Insurance - Late Fees and Installment Fees

Synopsis:

Allowing 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; establishing that the late fee or installment fee may not exceed $10; requiring the Insurance Commissioner to review administrative expenses; 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

Senate Action
1/22
First Reading Finance
1/31
Hearing 2/20 at 1:00 p.m.
3/13
Favorable with Amendments Report by Finance
3/14
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/16
Third Reading Passed (43-2)
4/5
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
Conference Committee Appointed ...
Senators DeGrange, Astle, and Della
Conference Committee Report Adopted
Third Reading Passed (40-4)
4/4
Passed Enrolled
5/17
Governor vetoed - Cross-filed bill was signed
House Action
3/16
First Reading Economic Matters
3/21
Hearing 3/29 at 1:00 p.m.
4/5
Favorable with Amendments Report by Economic Matters
3/31
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/2
Third Reading Passed with Amendments (136-0)
4/3
House Refuses to Recede
Conference Committee Appointed ...
Delegates Gordon, Krysiak, and McClenahan
4/4
Conference Committee Report Adopted
Third Reading Passed (109-0)
Sponsored by:
Senator James E. DeGrange, Sr., District 32
Senator John C. Astle, District 30
Senator Clarence W. Blount, District 41
Senator Thomas L. Bromwell, District 8
Senator Arthur Dorman, District 21
Senator Larry E. Haines, District 5
Senator Delores G. Kelley, District 10
Senator Leonard H. Teitelbaum, District 19
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:
Senate
Number: 667178/1 (PDF)     Offered on: March 14, 2001   at: 12:08 p.m.     Status: Adopted
House
Number: 113691/1 (PDF)     Offered on: April 5, 2001   at: 11:43 a.m.     Status: Adopted
Conference Committee Documents::
Report Number: 603029/1 (PDF)     Offered on: April 9, 2001   at: 5:16 p.m.     Status: Adopted
Amendment Number: 253421/1 (PDF)     Offered on: April 9, 2001   at: 5:16 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 16, 2001: Third Reading Passed (43-2)
April 5, 2001: Third Reading Passed (40-4)
House
April 2, 2001: Third Reading Passed (136-0)
April 4, 2001: Third Reading Passed (109-0)