2002 Regular Session

HOUSE BILL 812

CHAPTER NUMBER: 88 File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 598
Sponsored By:
Delegate Donoghue
Entitled:
Motor Clubs - Required Security - Letters of Credit

Synopsis:

Authorizing an applicant for a license to provide motor club service, in addition to other types of security, to deposit a specified letter of credit in a specified amount as the security required for the license; providing for the conditions of, liability under, and cancellation of, the letters of credit; authorizing the Insurance Commissioner to adopt regulations relating to letters of credit; authorizing a licensed motor club to substitute one type of required security for another, subject to approval by the Commissioner; etc.

History by Legislative Date

House Action
2/7
First Reading Economic Matters
2/13
Hearing 2/27 at 1:00 p.m.
3/18
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (139-0)
4/1
Returned Passed
4/9
Signed by the Governor Chapter 88
Senate Action
3/20
First Reading Finance
Hearing 3/27 at 1:00 p.m.
4/1
Favorable Report by Finance
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (46-0)
Bill indexed under the following Subjects:
CREDIT
INSURANCE ADMINISTRATION
LIABILITY -see also- GOOD SAMARITAN
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.
RULES AND REGULATIONS
SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS
Bill affects the following Statute:
Insurance
( 26-204 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 563793/1 (PDF)     Offered on: March 18, 2002   at: 6:33 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 19, 2002: Third Reading Passed (139-0)
Senate
April 1, 2002: Third Reading Passed (46-0)