Life insurance; clarifies provisions addressing when a trustee has an insurable interest therein. (HB2001)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

√
 Introduced
☐
 Passed Committee
√
 Passed House
√
 Passed Senate
√
 Signed by Governor
√
 Became Law

Description

Life insurance; insurable interest requirement. Clarifies that the provisions addressing when a trustee has an insurable interest in a life insurance policy are to be applied retroactively to policies acquired before the July 1, 2005, effective date of the legislation that enacted the provisions. Amends § 38.2-301, of the Code of Virginia. View Full Text »

Status

03/09/2007: signed by governor

History

  • 01/08/2007 Committee
  • 01/08/2007 Prefiled and ordered printed; offered 01/10/07 070150372
  • 01/08/2007 Referred to Committee on Commerce and Labor
  • 01/18/2007 Read first time
  • 01/19/2007 Read second time
  • 01/19/2007 Committee amendments agreed to
  • 01/19/2007 Engrossed by House as amended HB2001E
  • 01/19/2007 Printed as engrossed 070150372-E
  • 01/22/2007 Read third time and passed House (96-Y 0-N)
  • 01/22/2007 Communicated to Senate
  • 01/22/2007 Impact statement from SCC (HB2001)
  • 01/23/2007 Constitutional reading dispensed
  • 01/23/2007 Referred to Committee on Commerce and Labor
  • 02/01/2007 Impact statement from SCC (HB2001E)
  • 02/12/2007 Committee substitute printed 070286372-S1
  • 02/14/2007 Reconsideration of Pass By for the Day agreed to (40-Y 0-N)
  • 02/14/2007 Constitutional reading dispensed (40-Y 0-N)
  • 02/14/2007 Reconsideration of Passed by for the day agreed to (40-Y 0-N)
  • 02/14/2007 VOTE: (40-Y 0-N) (see vote tally)
  • 02/14/2007 Passed by for the day
  • 02/15/2007 Read third time
  • 02/15/2007 Reading of substitute waived
  • 02/15/2007 Committee substitute agreed to 070286372-S1
  • 02/15/2007 Engrossed by Senate - committee substitute HB2001S1
  • 02/15/2007 Passed Senate with substitute (38-Y 0-N)
  • 02/15/2007 VOTE: (38-Y 0-N) (see vote tally)
  • 02/16/2007 Placed on Calendar
  • 02/19/2007 Senate substitute agreed to by House (100-Y 0-N)
  • 02/19/2007 VOTE: ADOPTION (100-Y 0-N) (see vote tally)
  • 02/23/2007 Impact statement from SCC (HB2001S1)
  • 02/28/2007 Enrolled
  • 02/28/2007 Bill text as passed House and Senate (HB2001ER)
  • 03/01/2007 Impact statement from SCC (HB2001ER)
  • 03/01/2007 Signed by Speaker
  • 03/02/2007 Signed by President
  • 03/09/2007 G Approved by Governor-Chapter 186 (effective 7/1/07)
  • 03/14/2007 G Acts of Assembly Chapter text (CHAP0186)