Surplus lines insurance; eliminates requirement that broker be licensed in Virginia. (HB2286)
Introduced By
Del. Mark Sickles (D-Alexandria)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Surplus lines insurance. Eliminates the requirement that a surplus lines broker be licensed in Virginia unless the broker is selling, soliciting, or negotiating contracts of insurance for insureds whose home state is Virginia. The measure also establishes uniform eligibility requirements for the approval of nonadmitted, or unlicensed, insurers in Virginia and clarifies that surplus lines premium taxes will be collected for risks whose home state is Virginia. The amendments implement provisions of the federal Nonadmitted and Reinsurance Reform Act of 2010. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/12/2011 | Committee |
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11101707D |
01/17/2011 | Referred to Committee on Commerce and Labor |
01/20/2011 | Reported from Commerce and Labor with amendments (22-Y 0-N) (see vote tally) |
01/24/2011 | Read first time |
01/25/2011 | Read second time |
01/25/2011 | Committee amendments agreed to |
01/25/2011 | Engrossed by House as amended HB2286E |
01/25/2011 | Printed as engrossed 11101707D-E |
01/26/2011 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
01/26/2011 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
01/27/2011 | Constitutional reading dispensed |
01/27/2011 | Referred to Committee on Commerce and Labor |
01/27/2011 | Impact statement from SCC (HB2286E) |
02/14/2011 | Reported from Commerce and Labor (15-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 (HB2286ER) |
02/23/2011 | Signed by Speaker |
02/23/2011 | Signed by President |
02/24/2011 | Impact statement from SCC (HB2286ER) |
03/24/2011 | G Approved by Governor-Chapter 498 (effective 7/1/11) |
03/24/2011 | G Acts of Assembly Chapter text (CHAP0498) |