Health benefits plans; sale by foreign health insurers to persons in State. (HB2506)
Introduced By
Del. Patrick Hope (D-Arlington)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Health benefits plans offered by foreign health insurers. Authorizes foreign health insurers to sell in Virginia any group and individual health benefits plans that the foreign insurers are authorized to offer in their domiciliary state. A foreign health insurer offering a health benefits plan is required to comply with Virginia provisions regarding unfair trade practices, capital and surplus requirements, payment of taxes and assessments, and obtaining authorization to transact business in the Commonwealth. In addition, the minimum benefits provided under such a health benefits plan shall satisfy any actuarial value standards established under Virginia or federal law. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/21/2011 | Presented and ordered printed 11103261D |
| 01/21/2011 | Referred to Committee on Commerce and Labor |
| 02/01/2011 | Stricken from docket by Commerce and Labor |
| 02/07/2011 | Impact statement from SCC (HB2506) |