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HB 791: Premium Security Deposits

GENERAL BILL by Dockery ; (CO-INTRODUCERS) Murman

Premium Security Deposits; authorizes insurers to accept & hold premium security deposits for certain purposes; provides definition; authorizes insurer to pay interest on such deposits; specifies conditions under which such deposits are considered premium; includes such deposits within definition of covered claim for certain purposes; provides limitation. Creates 627.4045.

Effective Date: Upon becoming law
Last Action: 4/30/1999 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/15/1999 House • Prefiled
2/18/1999 House • Referred to Insurance (CAC); Business Regulation & Consumer Affairs (CAC); Finance & Taxation (FRC); General Government Appropriations (FRC)
3/2/1999 House • Introduced, referred to Insurance (CAC); Business Regulation & Consumer Affairs (CAC); Finance & Taxation (FRC); General Government Appropriations (FRC) -HJ 00070
3/18/1999 House • On Committee agenda-- Insurance (CAC), 03/22/99, 1:00 pm, Reed Hall
3/22/1999 House • Comm. Action: Unanimously Favorable with 1 amendment(s) by Insurance (CAC) -HJ 00387
3/24/1999 House • Now in Business Regulation & Consumer Affairs (CAC) -HJ 00387
3/25/1999 House • On Committee agenda-- Business Regulation & Consumer Affairs (CAC), 03/29/99, 1:45 pm, 413C
3/29/1999 House • Comm. Action: Unanimously Favorable with 2 amendment(s) by Business Regulation & Consumer Affairs (CAC) -HJ 00479
3/30/1999 House • Now in Finance & Taxation (FRC) -HJ 00479
4/13/1999 House • Withdrawn from Finance & Taxation (FRC); General Government Appropriations (FRC) -HJ 00556; Placed on calendar, available for General Calendar
4/21/1999 House • Placed on General Calendar; Read second time -HJ 00693; Amendment(s) adopted -HJ 00693; Read third time -HJ 00694; Passed as amended; YEAS 118 NAYS 0 -HJ 00694
4/21/1999 Senate • In Messages
4/26/1999 Senate • Received, referred to Banking and Insurance -SJ 00892
4/30/1999 Senate • Died in Committee on Banking and Insurance