Educational Instutution Benefits Consortium; created. (HB2042)

Introduced By

Del. Phil Hamilton (R-Newport News)

Progress

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

Description

Private institutions of higher education benefits consortium. Authorizes five or more private educational institutions to form a benefits consortium for the purpose of establishing a self-funded employee welfare benefit plan. The benefits consortium will be a nonstock corporation that will operate a benefits plan that will be governed by and be subject to the provisions of the federal Employee Retirement Income Security Act of 1974. The benefits consortium will be exempt from taxation and from insurance regulations. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2007Committee
01/08/2007Prefiled and ordered printed; offered 01/10/07 074625316
01/08/2007Referred to Committee on Education
01/22/2007Impact statement from SCC (HB2042)