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2000 SESSION

• | print version

SB 456 Cancellation of insurance policies.

Introduced by: Richard L. Saslaw | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Cancellation of insurance policies. Repeals the right of an individual who purchases insurance from a lending institution, bank holding company, savings institution holding company, or subsidiary or affiliate to cancel the insurance within 10 days following its purchase. Upon cancellation, the individual is currently entitled to receive a pro rata refund of the premium. The bill also prohibits lenders from conditioning the availability of credit upon the purchase of insurance from such lender.

FULL TEXT

• 01/21/00  Senate: Presented & ordered printed 004665528  pdf
• 02/09/00  Senate: Printed as engrossed 004665528-E  pdf
• 03/14/00  Senate: Bill text as passed Senate and House (SB456ER)  pdf
• 04/19/00  Governor: Acts of Assembly Chapter text (CHAP0545)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/21/00  Senate: Presented & ordered printed 004665528
• 01/21/00  Senate: Referred to Committee on Commerce and Labor
• 02/07/00  Senate: Reported from C. & L. with amendment (14-Y 0-N)
• 02/08/00  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/08/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/09/00  Senate: Read second time
• 02/09/00  Senate: Reading of amendment waived
• 02/09/00  Senate: Committee amendment agreed to
• 02/09/00  Senate: Engrossed by Senate as amended
• 02/09/00  Senate: Printed as engrossed 004665528-E
• 02/10/00  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/10/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 02/10/00  Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
• 02/10/00  Senate: VOTE: RECONSIDER R (39-Y 0-N)
• 02/10/00  Senate: Passed Senate (39-Y 0-N)
• 02/10/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 02/10/00  Senate: Communicated to House
• 02/14/00  House: Placed on Calendar
• 02/14/00  House: Read first time
• 02/14/00  House: Referred to Committee on Corporations, Insurance and Banking
• 02/29/00  House: Reported from Corp., Ins. & Banking (19-Y 4-N)
• 03/01/00  House: Read second time
• 03/02/00  House: Read third time
• 03/02/00  House: Passed House (93-Y 0-N)
• 03/02/00  House: VOTE: PASSAGE (93-Y 0-N 2-A)
• 03/14/00  Senate: Bill text as passed Senate and House (SB456ER)
• 03/16/00  Senate: Enrolled
• 03/16/00  House: Signed by Speaker
• 03/17/00  Senate: Signed by President
• 04/06/00  Governor: Approved by Governor-Chapter 545 (effective 7/1/00)
• 04/19/00  Governor: Acts of Assembly Chapter text (CHAP0545)