Benefits consortium; exemption and exclusions. (HB1057)

Introduced By

Del. Terry Kilgore (R-Gate City) with support from co-patron Del. David Yancey (R-Newport News)

Progress

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

Description

Benefits consortium; exemption and exclusions. Exempts a benefits consortium and its sponsoring organization from regulation as an insurer and from the license tax levied on insurance companies. A benefits consortium is a trust that, among other conditions, operates as a nonprofit voluntary employee beneficiary association within the meaning of 501(c)(9) of the Internal Revenue Code of 1986 and is subject to federal law and regulations applicable to multiple employer welfare arrangements. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Committee
01/08/2014Presented and ordered printed 14103102D
01/08/2014Referred to Committee on Commerce and Labor
01/24/2014Impact statement from SCC (HB1057)
01/28/2014Reported from Commerce and Labor with substitute (19-Y 0-N) (see vote tally)
01/28/2014Committee substitute printed 14104127D-H1
01/30/2014Read first time
01/31/2014Read second time
01/31/2014Committee substitute agreed to 14104127D-H1
01/31/2014Engrossed by House - committee substitute HB1057H1
02/03/2014Read third time and passed House (97-Y 1-N)
02/03/2014VOTE: PASSAGE (97-Y 1-N) (see vote tally)
02/04/2014Constitutional reading dispensed
02/04/2014Referred to Committee on Commerce and Labor
02/06/2014Impact statement from SCC (HB1057H1)
02/17/2014Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
02/19/2014Constitutional reading dispensed (40-Y 0-N)
02/20/2014Read third time
02/20/2014Passed Senate (40-Y 0-N)
02/24/2014Enrolled
02/24/2014Bill text as passed House and Senate (HB1057ER)
02/24/2014Signed by Speaker
02/25/2014Impact statement from SCC (HB1057ER)
02/26/2014Signed by President
03/07/2014G Approved by Governor-Chapter 220 (effective 1/1/15)
03/07/2014G Acts of Assembly Chapter text (CHAP0220)

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 30 seconds.