2003 Regular Session

HOUSE BILL 286

File Code: Insurance - Other than Health
Sponsored By:
Delegates Kach and Love
Entitled:
Insurance - Premium Financing - Return of Unearned Premiums on Cancellation of Insurance Contract

Synopsis:

Limiting to a specified amount the administrative fee that may be excluded from gross unearned premiums that are due under an insurance contract and that must be returned to a premium finance company by an insurer when the insurance contract is canceled; and altering the items that may be excluded from the gross unearned premiums.

History by Legislative Date

House Action
1/31
First Reading Economic Matters
2/5
Hearing 2/13 at 1:00 p.m.
3/21
Unfavorable Report by Economic Matters
Senate Action
No Action
Sponsored by:
Delegate Wade Kach, District 5B
Delegate Mary Ann E. Love, District 32
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
FEES -see also- DEVELOPMENT FEES AND TAXES
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
Bill affects the following Statute:
Insurance
( 23-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered