Dental or optometric services plans; requirement for nonstock corporation that offer or administer. (HB1510)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Dental or optometric services plans. Requires any nonstock corporation that offers or administers a dental or optometric services plan without acting as an agent for participating dentists or optometrists to maintain a contingency reserve of at least $4 million. Currently, the contingency reserve must be at least equal to 45 days of anticipated operating expenses and incurred claims expenses generated for its subscription contracts. The measure also requires the State Corporation Commission to subject the nonstock corporation to the requirements regarding the Life, Accident and Sickness Insurance Guaranty Association. Amends § 38.2-4504, of the Code of Virginia. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 01/03/2013 | Committee |
| 01/03/2013 | Prefiled and ordered printed; offered 01/09/13 13103060D |
| 01/03/2013 | Referred to Committee on Commerce and Labor |
| 01/10/2013 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
| 01/14/2013 | Read first time |
| 01/15/2013 | Read second time and engrossed |
| 01/16/2013 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 01/16/2013 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
| 01/17/2013 | Constitutional reading dispensed |
| 01/17/2013 | Referred to Committee on Commerce and Labor |
| 01/22/2013 | Impact statement from SCC (HB1510) |
| 02/04/2013 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
| 02/05/2013 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
| 02/06/2013 | Read third time |
| 02/06/2013 | Passed Senate (40-Y 0-N) (see vote tally) |
| 02/11/2013 | Enrolled |
| 02/11/2013 | Bill text as passed House and Senate (HB1510ER) |
| 02/11/2013 | Signed by Speaker |
| 02/12/2013 | Signed by President |
| 02/12/2013 | Impact statement from SCC (HB1510ER) |
| 02/20/2013 | G Approved by Governor-Chapter 11 (effective 7/1/13) |
| 02/20/2013 | G Acts of Assembly Chapter text (CHAP0011) |