Property and casualty insurance; provides for SCC licensing and regulation of public adjusters. (SB520)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

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

Description

Property and casualty insurance; public adjusters.  Provides for State Corporation Commission licensing and regulation of public adjusters. Public adjusting means investigating, negotiating, adjusting, or providing advice to an insured in relation to first-party claims arising under insurance contracts that insure the real or personal property of an insured, for the purpose of effecting the settlement of a claim on behalf of the insured. A person is prohibited from acting as a public adjuster without first obtaining a license from the Commission. Public adjusters are required to comply with standards of conduct and limits on their fees. The Commission may suspend or revoke licenses under certain conditions. The measure will become effective January 1, 2013. Amends § 38.2-1824, of the Code of Virginia. Read the Bill »

Status

02/29/2012: Passed the General Assembly

History

DateAction
01/11/2012Prefiled and ordered printed; offered 01/11/12
01/11/2012Prefiled and ordered printed; offered 01/11/12 12103577D
01/11/2012Referred to Committee on Commerce and Labor
01/29/2012Impact statement from SCC (SB520)
01/30/2012Reported from Commerce and Labor with substitute (16-Y 0-N) (see vote tally)
01/30/2012Committee substitute printed 12104831D-S1
02/01/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/02/2012Read second time
02/02/2012Reading of substitute waived
02/02/2012Committee substitute agreed to 12104831D-S1
02/02/2012Engrossed by Senate - committee substitute SB520S1
02/03/2012Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee on Commerce and Labor
02/13/2012Impact statement from SCC (SB520S1)
02/21/2012Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
02/23/2012Read second time
02/24/2012Passed by temporarily
02/24/2012Read third time
02/24/2012Passed House BLOCK VOTE (98-Y 0-N)
02/24/2012VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/29/2012Enrolled
02/29/2012Bill text as passed Senate and House (SB520ER)
02/29/2012Impact statement from SCC (SB520ER)
02/29/2012Signed by President
02/29/2012Signed by Speaker
04/10/2012Bill became law, Chapter 735 (effective 4/10/12)
04/10/2012Bill became law, Chapter 735 (effective 1/1/13)
04/10/2012G Acts of Assembly Chapter text (CHAP0735)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.

Duplicate Bills

The following bills are identical to this one: HB872.