Dental or optometric services plans; requirement for nonstock corporation that offer or administer. (HB1510)

Introduced By

Del. Greg Habeeb (R-Salem)

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

  • 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)