Virginia Life, Accident and Sickness Insurance Guaranty Association; limits on obligations. (HB1936)
Introduced By
Del. Rob Bell (R-Charlottesville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/13/2015 | Committee |
01/13/2015 | Prefiled and ordered printed; offered 01/14/15 15103433D |
01/13/2015 | Referred to Committee on Commerce and Labor |
01/27/2015 | Impact statement from SCC (HB1936) |
01/29/2015 | Tabled in Commerce and Labor |