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