Insurance agents; compliance with continuing education requirements. (HB261)

Introduced By

Del. Frank Hargrove (R-Glen Allen)

Progress

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

Description

Insurance agents; compliance with continuing education requirements. Allows an insurance agent who obtained the required continuing education course credits but failed to submit proof of compliance within the permitted time to submit proof of compliance after the State Corporation Commission has issued a notice of impending termination of the agent's license. To make such a late submission of proof of compliance, the agent is required to submit the proof of compliance and pay filing fees and a $500 penalty within the 30-day period following the Commission's issuance of notice of impending termination of the license. An agent who has had multiple licenses terminated will be able to apply for new licenses within the 90-day period after termination upon payment of one administrative penalty of $1,000, regardless of the number of licenses for which he applies. Read the Bill »

Status

04/05/2006: signed by governor

History

DateAction
01/04/2006Prefiled and ordered printed; offered 01/11/06 066588320
01/04/2006Referred to Committee on Commerce and Labor
01/15/2006Fiscal impact statement from SCC (HB261)
01/17/2006Reported from Commerce and Labor with amendments (22-Y 0-N)
01/19/2006Read first time
01/20/2006Read second time
01/20/2006Committee amendments agreed to
01/20/2006Engrossed by House as amended HB261E
01/20/2006Printed as engrossed 066588320-E
01/23/2006Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/23/2006VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
01/23/2006Communicated to Senate
01/24/2006Constitutional reading dispensed
01/24/2006Referred to Committee on Commerce and Labor
01/29/2006Fiscal impact statement from SCC (HB261E)
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 (HB261ER)
03/01/2006Signed by Speaker
03/02/2006Signed by President
03/07/2006Fiscal impact statement from SCC (HB261ER)
04/05/2006G Approved by Governor-Chapter 589 (effective 7/1/06)
04/12/2006G Acts of Assembly Chapter text (CHAP0589)