HOUSE BILL 385

Sponsored By:

Delegate Barve

Entitled:

Insurance - Improper Premiums and Charges - Policy Fee Charged by Surplus Lines Brokers

Synopsis:

Altering the $75 limit on the policy fee that a surplus lines broker may charge on each policy procured by a qualified agent or qualified broker to whom the surplus lines broker pays a commission; and specifying different fee limits for a personal lines policy and a commercial lines policy.

History by Legislative Date

House Action

1/31

First Reading Economic Matters

Hearing 2/7 at 1:00 p.m.

2/26

Favorable with Amendments Report by Economic Matters

2/27

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/1

Third Reading Passed (139-0)

3/28

Returned Passed

4/20

Signed by the Governor Chapter 218

Senate Action

3/2

First Reading Finance

3/9

Hearing 3/27 at 1:00 p.m.

3/30

Favorable Report by Finance

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (47-0)

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

Bill affects the following Statutes:

Insurance

( 27-216 , 27-216 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 833997/1 (PDF)     Offered on: February 27, 2001   at: 11:10 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 1, 2001: Third Reading Passed (139-0)

Senate

March 31, 2001: Third Reading Passed (47-0)