| Measure Title: | RELATING TO FORCE-PLACED INSURANCE. |
| Report Title: | Force-Placed Insurance |
| Description: | Requires lenders who force-place motor vehicle insurance on the vehicle that is the subject of the loan after the borrower allows the insurance required under the loan contract to lapse, to obtain reimbursement from the borrower for insurance premiums that do not exceed the lesser of rates allowed by the Insurance Commissioner, or 110 percent of the rate the buyer can obtain for the same coverage; allows a borrower to obtain a policy to replace the force-placed insurance. (HB504 HD1) |
| Package: | None |
| Companion: | |
| Introducer(s): | HALFORD, HIRAKI, Ching, Blundell, Fox |
| Current Referral: | CPH |
| Date | Status Text | |
|---|---|---|
| 1/21/2003 | H | Introduced |
| 1/22/2003 | H | Pass First Reading |
| 1/24/2003 | H | Referred to CPC, referral sheet 3. |
| 1/24/2003 | H | Bill scheduled to be heard by CPC on Monday, 01-27-03 at 2:00 pm in House conference room 325. |
| 1/27/2003 | H | The committee(s) recommends that the measure be deferred. |
| 2/14/2003 | H | Bill scheduled for decision making on Wednesday, 02-19-03 at 1:30 pm in conference room 325. |
| 2/19/2003 | H | The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 12 Ayes: Representative(s) Hiraki, Herkes, Caldwell, Chang, Lee, Souki; Ayes with reservations: Representative(s) B. Oshiro, Sonson, Finnegan, Marumoto, Stonebraker, Thielen; 0 Noes: none; and 3 Excused: Representative(s) Ito, Kanoho, M. Oshiro. |
| 2/27/2003 | H | Reported from the committee on CPC (Stand. Com. Rep. No. 616) as amended in (HD 1), recommending passage on Second Reading and placement on the calendar for Third Reading. |
| 2/27/2003 | H | Passed Second Reading as amended in (HD 1); placed on the calendar for Third Reading with none voting no and none excused. |
| 3/4/2003 | H | Passed Third Reading as amended in (HD 1) with Representative(s) Stonebraker voting no and Representative(s) Halford, M. Oshiro excused. |
| 3/5/2003 | H | Transmitted to Senate. |
| 3/6/2003 | S | Received from House (Hse. Com. No. 223). |
| 3/6/2003 | S | Passed First Reading. |
| 3/6/2003 | S | Deferred until 03-07-03. |
| 3/7/2003 | S | Referred to CPH. |
| 8/21/2003 | D | Carried over to 2004 Regular Session |
$ = Appropriation measure
ConAm = Constitutional Amendment