CHAPTER NUMBER: 716
File Code: Insurance - Liability and Miscellaneous
- Sponsored By:
-
Delegates Love, Barve, and Harrison
- Entitled:
-
Premium Financing - Cancellations and Prohibitions
Altering a provision of law relating to the cancellation of an
insurance contract for which payment of the premium was financed
through a premium finance company; altering a provision of law related
to the calculation of the amount of gross unearned premium that must
be returned when an insurance contract has been canceled; requiring
the Insurance Commissioner to submit a specified report on or before
January 15, 1999; etc.
House Action
- 2/12
- First Reading Economic Matters
- 2/18
- Hearing 3/11 at 2:00 p.m.
- 3/26
- Favorable with Amendments Report by Economic Matters
- Favorable with Amendments Report Adopted
- Special Order 3/27 (Delegate Gordon) Adopted
- 3/27
- Floor Committee Amendment Adopted
- Special Order 3/28 (Delegate Gordon) Adopted
- Second Reading Passed with Amendments
- 3/28
- Third Reading Passed (132-0)
- 4/11
- Return Passed
- 5/21
- Signed by the Governor Chapter 716
Senate Action
- 3/30
- First Reading Finance
- 3/31
- Hearing 4/6 at 1:00 p.m.
- 4/11
- Favorable Report by Finance
- Favorable Report Adopted
- Second Reading Passed
- 4/12
- Special Order later today (Craig) Adopted
- 4/13
- Third Reading Passed (47-0)
- Sponsored by:
- Delegate Mary Ann E. Love, District 32
- Delegate Kumar P. Barve, District 17
- Delegate Hattie N. Harrison, District 45
- Bill indexed under the following Subjects:
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- INSURANCE ADMINISTRATION
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- PRICES -see also- CONSUMER PRICE INDEX
- REPORTS -see also- RECORDS
- Bill affects the following Statutes:
- Insurance
- (
23-403.1 ,
23-405
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 183175/1 (PDF) Offered on: March 26, 1998 at:
10:40 a.m. Status: Adopted
- Number: 483574/1 (PDF) Offered on: March 27, 1998 at:
12:01 p.m. Status: Special Ordered
- Roll Call Votes (Legislative dates are shown):
- House
- March 28, 1998: Third Reading Passed (132-0)
- Senate
- April 13, 1998: Third Reading Passed (47-0)
