Insurance policies; exemptions of large commercial risks. (HB1586)
Introduced By
Del. Terry Kilgore (R-Gate City)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Insurance; large commercial risks. Makes professional liability insurance policies eligible for the exemptions that currently exist for most types of policies written for large commercial risks. Currently, professional liability insurance and workers' compensation insurance are the only lines of insurance excluded from the provision that exempts insurance of large commercial risks from requirements that policy forms and rates be filed with, and approved by, the State Corporation Commission. The measure also eliminates the requirement that insurers issuing policies under the exemption for large commercial risks report annually to the State Corporation Commission on the number of exempted policyholders and the criteria establishing the exemption. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/06/2011 | Committee |
01/06/2011 | Prefiled and ordered printed; offered 01/12/11 11102487D |
01/06/2011 | Referred to Committee on Commerce and Labor |
01/18/2011 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
01/20/2011 | Read first time |
01/21/2011 | Read second time and engrossed |
01/24/2011 | Impact statement from SCC (HB1586) |
01/24/2011 | Read third time and passed House BLOCK VOTE (97-Y 0-N) |
01/24/2011 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
01/25/2011 | Constitutional reading dispensed |
01/25/2011 | Referred to Committee on Commerce and Labor |
02/14/2011 | Reported from Commerce and Labor (14-Y 0-N) (see vote tally) |
02/16/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/17/2011 | Read third time |
02/17/2011 | Passed Senate (39-Y 0-N) (see vote tally) |
02/23/2011 | Enrolled |
02/23/2011 | Bill text as passed House and Senate (HB1586ER) |
02/23/2011 | Signed by Speaker |
02/23/2011 | Signed by President |
02/24/2011 | Impact statement from SCC (HB1586ER) |
03/26/2011 | G Approved by Governor-Chapter 618 (effective 7/1/11) |
03/26/2011 | G Acts of Assembly Chapter text (CHAP0618) |