Insurance market analyses; confidentiality. (HB336)

Introduced By

Sen. Jennifer McClellan (D-Richmond)

Progress

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

Description

Insurance market analyses; confidentiality. Establishes that (i) market analyses concerning insurance companies and obtained from the National Association of Insurance Commissioners, (ii) all market analyses generated by the State Corporation Commission, (iii) working papers, recorded information, and documents generated in the course of a market analysis or market conduct action, and (iv) documents or information received in the course of a market analysis or market conduct action from the NAIC, a law-enforcement official of any state or country, or regulatory officials of any state or country that are confidential in those jurisdictions shall receive confidential treatment by the Commission, shall not be subject to subpoena, and are not public records. The measure also requires the Commission to consider the results of market analyses in determining the nature, scope, and frequency of insurance company examinations. Finally, the measure provides that procedures for market conduct examinations shall be subject to provisions regarding confidentiality of ancillary information and immunity from liability. Amends § 38.2-1317.1, § 38.2-1317.2, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/04/2008Committee
01/04/2008Prefiled and ordered printed; offered 01/09/08 080013400
01/04/2008Referred to Committee on Commerce and Labor
01/15/2008Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/17/2008Read first time
01/18/2008Read second time and engrossed
01/21/2008Read third time and passed House BLOCK VOTE (96-Y 0-N)
01/21/2008VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (see vote tally)
01/21/2008Communicated to Senate
01/22/2008Impact statement from SCC (HB336)
01/22/2008Constitutional reading dispensed
01/22/2008Referred to Committee on Commerce and Labor
01/23/2008Constitutional reading dispensed
01/23/2008Referred to Committee on Commerce and Labor
02/18/2008Reported from Commerce and Labor (15-Y 0-N)
02/20/2008Constitutional reading dispensed (40-Y 0-N)
02/21/2008Read third time
02/21/2008Passed Senate (39-Y 0-N)
02/21/2008Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
02/21/2008Passed Senate (40-Y 0-N) (see vote tally)
02/25/2008Enrolled
02/25/2008Bill text as passed House and Senate (HB336ER)
02/25/2008Signed by Speaker
02/26/2008Signed by President
02/27/2008Impact statement from SCC (HB336ER)
03/04/2008G Approved by Governor-Chapter 247 (effective 7/1/08)
03/04/2008G Approved by Governor-Chapter 250 (effective 7/1/08)
03/04/2008G Approved by Governor-Chapter 249 (effective 7/1/08)
03/06/2008G Acts of Assembly Chapter text (CHAP0249)