Wind Underwriting Association; established. (SB318)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

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

Description

Virginia Wind Underwriting Association. Establishes the Virginia Wind Underwriting Association consisting of all insurers licensed to write property insurance in the Commonwealth. The Association is created to provide insurance against loss to property in Accomack and Northampton Counties and the Cities of Chesapeake, Hampton, Norfolk, and Virginia Beach from the risk of windstorm, in accordance with a plan of operation to be approved by the Commission. Amends § 38.2-1343, § 38.2-1902, § 38.2-2001, § 38.2-2113, § 38.2-2114, § 38.2-602, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Prefiled and ordered printed; offered 01/09/08 088666340
01/08/2008Referred to Committee on Commerce and Labor
01/21/2008Impact statement from SCC (SB318)
01/28/2008Continued to 2009 in Commerce and Labor (15-Y 0-N) (see vote tally)
12/05/2008Left in Commerce and Labor