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

DateAction
12/19/2013Prefiled and ordered printed; offered 01/08/14 14101482D
12/19/2013Referred to Committee on Commerce and Labor
01/12/2014Impact statement from TAX (SB70)
01/13/2014Reported from Commerce and Labor (12-Y 0-N) (see vote tally)
01/15/2014Constitutional reading dispensed (38-Y 0-N)
01/16/2014Read second time and engrossed
01/17/2014Read third time and passed Senate (38-Y 0-N)
01/23/2014Placed on Calendar
01/23/2014Read first time
01/23/2014Referred to Committee on Commerce and Labor
02/07/2014Impact statement from TAX (SB70)
02/13/2014Reported from Commerce and Labor (20-Y 0-N) (see vote tally)
02/17/2014Read second time
02/18/2014Read third time
02/18/2014Passed House BLOCK VOTE (97-Y 0-N)
02/18/2014VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/20/2014Enrolled
02/20/2014Bill text as passed Senate and House (SB70ER)
02/20/2014Signed by Speaker
02/21/2014Impact statement from TAX (SB70ER)
02/22/2014Signed by President
03/05/2014G Approved by Governor-Chapter 154 (effective 7/1/14)
03/05/2014G Acts of Assembly Chapter text (CHAP0154)