File Code: Insurance - Other than Health
- Sponsored By:
-
Senator Exum
- Entitled:
-
Premium Finance Companies - Calculation of Finance Charge -
Return of Unearned Interest After Cancellation of Insurance
Contract
Altering the calculation of the finance charge under premium finance
agreements; requiring a premium finance company, after an insurer
returns to the premium finance company specified gross unearned
premiums, to refund to the insured the amount of gross unearned
interest, computed in accordance with the actuarial method, and
excluding specified fees or charges.
Senate Action
- 1/25
- First Reading Finance
- 2/1
- Hearing 2/14 at 1:00 p.m.
- 2/27
- Favorable with Amendments Report by Finance
- 2/28
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/2
- Third Reading Passed (45-0)
House Action
- 3/3
- First Reading Economic Matters
- 3/14
- Hearing 3/22 at 1:00 p.m.
Bill indexed under the following Subjects:
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FINANCE COMPANIES
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- INTEREST
Bill affects the following Statutes:
- Insurance
- (
23-304 ,
23-405 ,
23-405
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments (Displayed in WordPerfect 8 Format):
Senate
- Number: 787277/01 (PDF) Offered on: February 28, 2006 at:
11:29 a.m. Status: Adopted
- Roll Call Vote (Legislative date is shown):
Senate
- March 2, 2006: Third Reading Passed (45-0)
