Annuity contracts; interest on proceeds. (SB86)
Introduced By
Sen. John Watkins (R-Midlothian) with support from co-patron Sen. Jeff McWaters (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Annuity contracts; interest on proceeds. Clarifies that an insurance company is required to pay interest on a death benefit claim under a variable annuity contract commencing from the date of the insurer's receipt of a completed claim form. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
12/20/2013 | Prefiled and ordered printed; offered 01/08/14 14103088D |
12/20/2013 | Referred to Committee on Commerce and Labor |
01/13/2014 | Reported from Commerce and Labor (14-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) |
01/21/2014 | Impact statement from SCC (SB86) |
01/23/2014 | Impact statement from SCC (SB86) |
01/23/2014 | Placed on Calendar |
01/23/2014 | Read first time |
01/23/2014 | Referred to Committee on Commerce and Labor |
01/24/2014 | Impact statement from SCC (SB86) |
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 (SB86ER) |
02/20/2014 | Impact statement from SCC (SB86ER) |
02/20/2014 | Signed by Speaker |
02/22/2014 | Signed by President |
03/05/2014 | G Approved by Governor-Chapter 155 (effective 7/1/14) |
03/05/2014 | G Acts of Assembly Chapter text (CHAP0155) |