Insurance policies; exemptions of large commercial risks. (HB1586)

Introduced By

Del. Terry Kilgore (R-Gate City)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/06/2011Prefiled and ordered printed; offered 01/12/11 11102487D
01/06/2011Referred to Committee on Commerce and Labor
01/18/2011Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
01/20/2011Read first time
01/21/2011Read second time and engrossed
01/24/2011Impact statement from SCC (HB1586)
01/24/2011Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/24/2011VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
01/25/2011Constitutional reading dispensed
01/25/2011Referred to Committee on Commerce and Labor
02/14/2011Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
02/16/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/17/2011Read third time
02/17/2011Passed Senate (39-Y 0-N) (see vote tally)
02/23/2011Bill text as passed House and Senate (HB1586ER)
02/23/2011Signed by Speaker
02/23/2011Signed by President
02/24/2011Impact statement from SCC (HB1586ER)
03/26/2011G Approved by Governor-Chapter 618 (effective 7/1/11)
03/26/2011G Acts of Assembly Chapter text (CHAP0618)