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1994 SESSION

• | print version

HB 190 Premium finance companies; maximum interest rates and service charges.

Introduced by: George H. Heilig, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Insurance; premium finance companies; maximum interest rates and service charges. Provides that interest on insurance premium finance agreements is not fully earned if (i) loans are prepaid or (ii) one or more of the policies listed on such an agreement is canceled prior to the expiration of the agreement. The bill also prohibits insurance premium finance companies from giving, and an insurance agent from accepting, any valuable consideration as an inducement to finance any insurance policy premium.

FULL TEXT

• 01/14/94  House: Presented and ordered printed  pdf
• 02/17/94  House: Bill text as passed House and Senate (HB190ER)  pdf
• 03/04/94  Governor: Acts of Assembly Chapter text (CHAP0008)  pdf

HISTORY

• 01/14/94  House: Presented and ordered printed
• 01/14/94  House: Referred to Committee on Corporations, Insurance and Banking
• 01/25/94  House: Reported from Corp., Ins. & Banking (22-Y 0-N)
• 01/26/94  House: Read first time
• 01/27/94  House: Read second time and engrossed
• 01/28/94  House: Read third time and passed House (Block Vote) (97-Y 0-N)
• 01/28/94  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 01/28/94  House: Communicated to Senate
• 01/31/94  Senate: Read first time
• 01/31/94  Senate: Referred to Committee on Commerce and Labor
• 02/14/94  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/15/94  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/15/94  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/16/94  Senate: Read third time
• 02/16/94  Senate: Passed Senate (38-Y 0-N)
• 02/16/94  Senate: VOTE: PASSAGE (38-Y 0-N)
• 02/17/94  House: Bill text as passed House and Senate (HB190ER)
• 02/23/94  House: Enrolled
• 02/23/94  House: Signed by Speaker
• 02/24/94  Senate: Signed by President
• 03/03/94  Governor: Approved by Governor-Chapter 8 (effective 7/1/94)
• 03/04/94  Governor: Acts of Assembly Chapter text (CHAP0008)