Virginia Defective Drywall Correction and Restoration Assistance Fund; SCC to collect from insurer. (HB1919)
Introduced By
Del. Robin Abbott (D-Newport News)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Assessment for the Virginia Defective Drywall Correction and Restoration Assistance Fund. Directs the State Corporation Commission to collect from each licensed insurer writing fire, homeowners, and the property portion of commercial multi-peril insurance an assessment in an amount equal to six-tenths of one percent of the direct gross premium income for such insurance during the preceding calendar year. The moneys collected from the assessment are to be used to provide revenue for the Virginia Defective Drywall Correction and Restoration Assistance Fund. The provision expires July 1, 2016. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/11/2011 | Committee |
| 01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11101682D |
| 01/11/2011 | Referred to Committee on Commerce and Labor |
| 01/17/2011 | Impact statement from DPB (HB1919) |
| 02/08/2011 | Left in Commerce and Labor |
Comments
Thank you Delegate Abbott for your efforts to support the families impacted by this defective product installed in our homes.