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

DateAction
01/03/2013Committee
01/03/2013Prefiled and ordered printed; offered 01/09/13 13103060D
01/03/2013Referred to Committee on Commerce and Labor
01/10/2013Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/14/2013Read first time
01/15/2013Read second time and engrossed
01/16/2013Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/16/2013VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/17/2013Constitutional reading dispensed
01/17/2013Referred to Committee on Commerce and Labor
01/22/2013Impact statement from SCC (HB1510)
02/04/2013Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/05/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2013Read third time
02/06/2013Passed Senate (40-Y 0-N) (see vote tally)
02/11/2013Enrolled
02/11/2013Bill text as passed House and Senate (HB1510ER)
02/11/2013Signed by Speaker
02/12/2013Signed by President
02/12/2013Impact statement from SCC (HB1510ER)
02/20/2013G Approved by Governor-Chapter 11 (effective 7/1/13)
02/20/2013G Acts of Assembly Chapter text (CHAP0011)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds.