Life and annuities licenses; removes certain requirement for nonresident insurance agent. (HB800)

Introduced By

Del. Ken Plum (D-Reston)

Progress

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

Description

Insurance; life and annuities licenses.  Removes the requirement that a nonresident insurance agent obtain a life and annuities license from the State Corporation Commission's Bureau of Insurance as a condition to obtaining a variable contract license.  The existing requirement applies even if the nonresident agent does not plan to sell non-variable life or annuities products. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2010Committee
01/13/2010Prefiled and ordered printed; offered 01/13/10 10100738D
01/13/2010Referred to Committee on Commerce and Labor
01/21/2010Reported from Commerce and Labor with amendment (22-Y 0-N) (see vote tally)
01/25/2010Read first time
01/26/2010Read second time
01/26/2010Committee amendment agreed to
01/26/2010Engrossed by House as amended HB800E
01/26/2010Printed as engrossed 10100738D-E
01/27/2010Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/27/2010VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/28/2010Constitutional reading dispensed
01/28/2010Referred to Committee on Commerce and Labor
02/02/2010Impact statement from SCC (HB800)
02/21/2010Impact statement from SCC (HB800E)
02/22/2010Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/24/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/25/2010Read third time
02/25/2010Passed Senate (40-Y 0-N) (see vote tally)
03/03/2010Enrolled
03/03/2010Bill text as passed House and Senate (HB800ER)
03/03/2010Signed by Speaker
03/04/2010Impact statement from SCC (HB800ER)
03/06/2010Signed by President
04/08/2010G Approved by Governor-Chapter 281 (effective 7/1/10)
04/08/2010G Acts of Assembly Chapter text (CHAP0281)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 45 seconds.