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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

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  • 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    4/13/1999 House • Withdrawn from Finance & Taxation (FRC); General Government Appropriations (FRC) -HJ 00556; Placed on calendar, available for General Calendar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

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  • HB 791, Engrossed 1 (Current Bill Version) Posted 8/28/2000 at 9:26 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 2480 Insurance/Premium Security Deposits Similar Last Action: 4/30/1999 S Died in Committee on Banking and Insurance
    Location:

    Floor Votes (1)

    Date Chamber Result
    4/21/1999 3:37 PM House 118 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.4045

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  • HB 791, Original Filed Version Posted 8/28/2000 at 9:26 AM

    Bill Text:   Web Page | PDF
    Analyses:   Business Regulation & Consumer Affairs (Post-Meeting) 3/24/1999 (pdf)
    Business Regulation & Consumer Affairs (Post-Meeting) 3/29/1999 (pdf)
    Insurance (Post-Meeting) 3/17/1999 (pdf)
    Insurance (Post-Meeting) 3/24/1999 (pdf)

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    202019 - Amendment
    Business Regulation & Consumer Affairs 4/17/1999
    2:26 AM
    Web Page
    PDF
    310983 - Amendment
    Business Regulation & Consumer Affairs 4/17/1999
    2:26 AM
    Web Page
    PDF
    344843 - Amendment
    Insurance 4/17/1999
    2:26 AM
    Web Page
    PDF

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.4045

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