Insurer insolvencies; refunds of surplus funds. (SB70)
Introduced By
Sen. Kenneth Alexander (D-Norfolk)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Insurer insolvencies; refunds of surplus funds. Designates the Department of Taxation as the agency to handle refunds of surplus funds from members of the Virginia Life, Accident and Sickness Insurance Guaranty Association with respect to an insurer's insolvency. Currently, the State Corporation Commission has such duties. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
12/19/2013 | Prefiled and ordered printed; offered 01/08/14 14101482D |
12/19/2013 | Referred to Committee on Commerce and Labor |
01/12/2014 | Impact statement from TAX (SB70) |
01/13/2014 | Reported from Commerce and Labor (12-Y 0-N) (see vote tally) |
01/15/2014 | Constitutional reading dispensed (38-Y 0-N) |
01/16/2014 | Read second time and engrossed |
01/17/2014 | Read third time and passed Senate (38-Y 0-N) |
01/23/2014 | Placed on Calendar |
01/23/2014 | Read first time |
01/23/2014 | Referred to Committee on Commerce and Labor |
02/07/2014 | Impact statement from TAX (SB70) |
02/13/2014 | Reported from Commerce and Labor (20-Y 0-N) (see vote tally) |
02/17/2014 | Read second time |
02/18/2014 | Read third time |
02/18/2014 | Passed House BLOCK VOTE (97-Y 0-N) |
02/18/2014 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
02/20/2014 | Enrolled |
02/20/2014 | Bill text as passed Senate and House (SB70ER) |
02/20/2014 | Signed by Speaker |
02/21/2014 | Impact statement from TAX (SB70ER) |
02/22/2014 | Signed by President |
03/05/2014 | G Approved by Governor-Chapter 154 (effective 7/1/14) |
03/05/2014 | G Acts of Assembly Chapter text (CHAP0154) |