BILL · 1995–96 SESSION

SB 5078: Insur premium finance agreem

Concerning premium finance agreements.

Summary

  • The late charge is limited to $5 only if the loan in default is for personal, family, or household purposes. For businesses, the premium finance agreement may provide for a late charge of $1 to 5 percent of the late payment.

From the Senate Bill Report (SB 5078), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 72, Laws of 1995
  1. IntroducedJan 10, 1995
  2. Out of committee
  3. Passed SenateMar 7, 1995
  4. Passed HouseApr 5, 1995
  5. Governor
  6. LawApr 18, 1995
Prime sponsor
Karen Fraser (D-22)
Introduced
January 10, 1995 in the Senate
Last action
April 18, 1995
Session law
Chapter 72, Laws of 1995

Sponsors

Prime sponsor: Karen Fraser (D-22)

3 co-sponsors (1 Democrat, 2 Republicans)

Votes

Senate · Final Passage

March 7, 1995
Version voted on: SB 5078
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican24000
How each member voted

House · Final Passage

April 5, 1995
Version voted on: SB 5078
96 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican61000
How each member voted

Yea (96)

Excused (1)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5078 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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