Virginia Life, Accident and Sickness Insurance Guaranty Association; limits on obligations. (HB1936)

Introduced By

Del. Rob Bell (R-Charlottesville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Life, Accident and Sickness Insurance Guaranty Association. Increases the maximum amount that the Association may become obligated to cover with respect to the present value of annuity benefits, including net cash surrender and net cash withdrawal values, from $250,000 to $500,000 in situations where the annuity was purchased or acquired by the sponsor of an employer's defined benefit pension plan for the benefit of a plan participant, in the course of full or partial termination of a pension plan that prior to such termination was subject to the provisions of the federal Employee Retirement Income Security Act. Read the Bill »


Bill Has Failed


01/13/2015Prefiled and ordered printed; offered 01/14/15 15103433D
01/13/2015Referred to Committee on Commerce and Labor
01/27/2015Impact statement from SCC (HB1936)
01/29/2015Tabled in Commerce and Labor