HB 1264

RELATING TO FORCE-PLACED INSURANCE

By Representative(s) HALFORD / LEE / MEYER; Arakaki, Fox, Garcia, Herkes, Kahikina, Luke, Marumoto, Morihara, Oshiro, M., Santiago, Schatz

Keywords: CONSUMER PROTECTION, DECEPTIVE BUSINESS PRACTICES, INSURANCE, INSURANCE COMPANIES

Report Title: Force-Placed Ins

Description: Prevents exorbitant and arbitrary markups of insurance rates by lenders to their borrowers. Eliminates rules of 78 calculations that are excessively and unfairly profitable at the borrower's expense.

 1-28-99        H Introduced and passed First Reading                      
 1-28-99        H Referred to the committees on 1. CPC 2. FIN ,
                  referral sheet 6
 2-17-99        H Bill scheduled to be heard by CPC on Thursday,
                  02-18-99 at 6:00 P.M. in House conference room 325.
 2-18-99        H The committee(s) recommends that the measure be
                  deferred.
 1-19-00        H Carried over to 2000 Regular Session.