Workers' compensation liability; corrects the statement of the minimum ratio of debt to equity. (HB941)

Introduced By

Del. Harvey Morgan (R-Gloucester)

Progress

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

Description

Workers' compensation liability; self-insurance. Corrects the statement of the minimum ratio of debt to equity that an employer is required to demonstrate prior to obtaining certification as a self-insurer. The minimum ratio is currently codified as 2:2, and the 1996 Acts of Assembly stated the ratio as 2.2; this measure restates the ratio as 2.2:1. Read the Bill »

Status

03/30/2006: signed by governor

History

DateAction
01/10/2006Prefiled and ordered printed; offered 01/11/06 062632166
01/10/2006Referred to Committee on Commerce and Labor
02/02/2006Reported from Commerce and Labor (22-Y 0-N)
02/06/2006Read first time
02/07/2006Read second time and engrossed
02/08/2006Read third time and passed House BLOCK VOTE (97-Y 0-N)
02/08/2006VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
02/08/2006Communicated to Senate
02/09/2006Constitutional reading dispensed
02/09/2006Referred to Committee on Commerce and Labor
02/20/2006Reported from Commerce and Labor (14-Y 0-N)
02/22/2006Constitutional reading dispensed (39-Y 0-N)
02/22/2006VOTE: (39-Y 0-N)
02/23/2006Read third time
02/23/2006Passed Senate (40-Y 0-N)
02/23/2006VOTE: (40-Y 0-N)
02/28/2006Enrolled
03/01/2006Bill text as passed House and Senate (HB941ER)
03/01/2006Signed by Speaker
03/02/2006Signed by President
03/30/2006G Approved by Governor-Chapter 265 (effective 7/1/06)
04/04/2006G Acts of Assembly Chapter text (CHAP0265)