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Legislation


1999 Regular Session

HOUSE BILL 990

CHAPTER NUMBER: 677 File Code: Insurance - Liability and Miscellaneous
Sponsored By:
Delegate Kach
Entitled:
Insurance - Premium Finance Companies - Return of Premiums after Cancellation of Insurance Contract

Synopsis:

Requiring that an insurer return any gross unearned premiums to a premium finance company when an insurance contract is canceled regardless of whether the contract is canceled by the premium finance company, the insurer, or the insured; and altering the computation of time within which an insurer is required to return any gross unearned premiums to a premium finance company when an insurance contract is canceled under specified circumstances.

History by Legislative Date

House Action
2/12
First Reading Economic Matters
2/17
Hearing 3/11 at 1:00 p.m.
3/23

Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (136-0)
4/8
House Concur - Senate Amendments
Third Reading Passed (134-0)
Passed Enrolled
5/27
Signed by the Governor Chapter 677
Senate Action
3/25
First Reading Finance
3/26
Hearing 4/6 at 1:00 p.m.
4/9
Favorable with Amendments Report by Finance
4/7
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/9
Third Reading Passed with Amendments (47-0)
Bill indexed under the following Subjects:
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
FINANCE COMPANIES
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
Bill affects the following Statute:
Insurance
( 23-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 103985/1 (PDF)     Offered on: March 23, 1999   at: 10:46 a.m.     Status: Adopted
Senate
Number: 847063/1 (PDF)     Offered on: April 9, 1999   at: 11:41 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 24, 1999: Third Reading Passed (136-0)
April 8, 1999: Third Reading Passed (134-0)
Senate
April 9, 1999: Third Reading Passed (47-0)
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