Insurance market analyses; confidentiality. (HB336)

Introduced By

Del. Jennifer McClellan (D-Richmond)

Progress

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

Description

Insurance market analyses; confidentiality. Establishes that (i) market analyses concerning insurance companies and obtained from the National Association of Insurance Commissioners, (ii) all market analyses generated by the State Corporation Commission, (iii) working papers, recorded information, and documents generated in the course of a market analysis or market conduct action, and (iv) documents or information received in the course of a market analysis or market conduct action from the NAIC, a law-enforcement official of any state or country, or regulatory officials of any state or country that are confidential in those jurisdictions shall receive confidential treatment by the Commission, shall not be subject to subpoena, and are not public records. The measure also requires the Commission to consider the results of market analyses in determining the nature, scope, and frequency of insurance company examinations. Finally, the measure provides that procedures for market conduct examinations shall be subject to provisions regarding confidentiality of ancillary information and immunity from liability. Amends § 38.2-1317.1, § 38.2-1317.2, of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

History

  • 01/04/2008 Committee
  • 01/04/2008 Prefiled and ordered printed; offered 01/09/08 080013400
  • 01/04/2008 Referred to Committee on Commerce and Labor
  • 01/15/2008 Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
  • 01/17/2008 Read first time
  • 01/18/2008 Read second time and engrossed
  • 01/21/2008 Read third time and passed House BLOCK VOTE (96-Y 0-N)
  • 01/21/2008 VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (see vote tally)
  • 01/21/2008 Communicated to Senate
  • 01/22/2008 Impact statement from SCC (HB336)
  • 01/22/2008 Constitutional reading dispensed
  • 01/22/2008 Referred to Committee on Commerce and Labor
  • 01/23/2008 Constitutional reading dispensed
  • 01/23/2008 Referred to Committee on Commerce and Labor
  • 02/18/2008 Reported from Commerce and Labor (15-Y 0-N)
  • 02/20/2008 Constitutional reading dispensed (40-Y 0-N)
  • 02/21/2008 Read third time
  • 02/21/2008 Passed Senate (39-Y 0-N)
  • 02/21/2008 Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
  • 02/21/2008 Passed Senate (40-Y 0-N) (see vote tally)
  • 02/25/2008 Enrolled
  • 02/25/2008 Bill text as passed House and Senate (HB336ER)
  • 02/25/2008 Signed by Speaker
  • 02/26/2008 Signed by President
  • 02/27/2008 Impact statement from SCC (HB336ER)
  • 03/04/2008 G Approved by Governor-Chapter 247 (effective 7/1/08)
  • 03/04/2008 G Approved by Governor-Chapter 250 (effective 7/1/08)
  • 03/04/2008 G Approved by Governor-Chapter 249 (effective 7/1/08)
  • 03/06/2008 G Acts of Assembly Chapter text (CHAP0249)