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HB3021: Benefits consortium; created for private institutions of higher education.

Chief Patron

Del. Phil Hamilton (R-93)

Phil Hamilton (R-93)
Newport News, VA
Served: 1988–

Progress

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

Status

03/08/2007: signed by governor

View Entire History

Summary

Private institutions of higher education benefits consortium. Authorizes five or more private educational institutions to form a benefits consortium for the purpose of establishing a self-funded employee welfare benefit plan. The benefits consortium will be a nonstock corporation that will operate a benefits plan to be governed by and subject to the provisions of the federal Employee Retirement Income Security Act of 1974. The benefits consortium will be exempt from taxation and from insurance regulations.

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Poll Results

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Tags

education

Bill Text

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