Saturday, July 5, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB116: Foreign title insurance companies; unearned premium reserves.
Chief Patron
Del.
Lee Ware (R-65)
Lee Ware
(R-65)
Powhatan, VA
Served: 1998–
Progress
 |
Introduced |
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Passed Committee |
|
Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/04/2008: signed by governor
Summary
Foreign title insurance companies; unearned premium reserves. Authorizes foreign title insurance companies to establish and maintain unearned premium reserves on title insurance policies issued on Virginia properties pursuant to the reserving laws of the companies' domiciliary regulator, if the domiciliary regulator is accredited under the National Association of Insurance Commissioner's Financial Regulation Standards and Accreditation Program. Currently, foreign title insurance companies are required to maintain unearned premium reserves at the higher of the amount required of domestic title insurance companies or the amount required in the jurisdiction of domicile.
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/17/2008, 01/22/2008, 01/22/2008, 01/31/2008, 02/01/2008, 02/01/2008, 02/04/2008, 02/04/2008, 02/05/2008, 02/20/2008, 02/21/2008, 02/25/2008, 02/26/2008, 02/26/2008 and 03/06/2008.
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
Tags
Bill Text
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