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Tracking Virginia’s General Assembly
since 2007.
SB1317: Health insurance; corrects erroneous cross-reference regarding definition of risk-based capital.
Chief Patron
Sen.
Chuck Colgan (D-29)
Chuck Colgan
(D-29)
Served: 1976–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/13/2007: signed by governor
Summary
Insurance; risk-based capital. Corrects an erroneous cross-reference regarding the definition of adjusted risk-based capital reports. The measure also clarifies that negative trend, in the context of a life and health insurer, is determined in accordance with the trend test calculation included in the life insurance risk-based capital instructions. Finally, provisions regarding the trend test for property and casualty insurers are added.
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