2003 Regular Session

HOUSE BILL 717

File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 167
Sponsored By:
Delegates Barve, Feldman, and Taylor
Entitled:
Insurance - Premium Finance Agreements

Synopsis:

Providing that a premium finance agreement, in addition to financing the premium of a surplus lines insurance contract, may include specified premium receipts taxes and fees charged by a surplus lines broker; and altering the manner in which a finance charge is computed.

History by Legislative Date

House Action
2/7
First Reading Economic Matters
2/12
Hearing 2/20 at 1:00 p.m.
3/10
Favorable Report by Economic Matters
3/11
Favorable Report Adopted
Special Order 3/12 (Delegate McHale) Adopted
3/12
Special Order 3/13 (Delegate Gordon) Adopted
3/13
Second Reading Passed
3/18
Third Reading Passed (139-1)
3/28
House Concur - Senate Amendments
Third Reading Passed (140-0)
Passed Enrolled
5/22
Governor vetoed - Cross-filed bill was signed
Senate Action
3/19
First Reading Finance
3/20
Hearing 3/21 at 1:00 p.m.
3/26
Favorable with Amendments Report by Finance
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed with Amendments (46-0)
Sponsored by:
Delegate Kumar P. Barve, District 17
Delegate Brian J. Feldman, District 15
Delegate Herman Taylor, District 14
Bill indexed under the following Subjects:
AGENTS AND BROKERS
FEES -see also- DEVELOPMENT FEES AND TAXES
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LOANS -see also- MORTGAGES
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
Bill affects the following Statutes:
Insurance
( 23-301.1 , 23-304 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 767171/01 (PDF)     Offered on: March 26, 2003   at: 12:07 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 18, 2003: Third Reading Passed (139-1)
March 28, 2003: Third Reading Passed (140-0)
Senate
March 26, 2003: Third Reading Passed (46-0)