Credit life insurance; interest on proceeds. (HB1429)

Introduced By

Del. Bob Purkey (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Credit life insurance; interest on proceeds. Exempts credit life insurance that is payable in whole or in part to a creditor that is an affiliate of the insurer and that does not charge postdeath interest on the indebtedness, from requirements that insurers pay interest on the proceeds of a life insurance policy. Read the Bill »


03/24/2006: signed by governor


01/17/2006Presented and ordered printed 065709472
01/17/2006Referred to Committee on Commerce and Labor
01/22/2006Fiscal impact statement from SCC (HB1429)
02/07/2006Reported from Commerce and Labor (22-Y 0-N)
02/09/2006Read first time
02/10/2006Read second time and engrossed
02/13/2006Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/13/2006VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/13/2006Communicated to Senate
02/14/2006Constitutional reading dispensed
02/14/2006Referred to Committee on Commerce and Labor
02/20/2006Reported from Commerce and Labor (15-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)
03/01/2006Bill text as passed House and Senate (HB1429ER)
03/01/2006Signed by Speaker
03/02/2006Signed by President
03/07/2006Fiscal impact statement from SCC (HB1429ER)
03/24/2006G Approved by Governor-Chapter 209 (effective 7/1/06)
04/03/2006G Acts of Assembly Chapter text (CHAP0209)