Insurance regulation; corporate governance annual disclosures. (HB2102)
Introduced By
Del. Kathy Byron (R-Lynchburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Insurance regulation; corporate governance annual disclosures. Requires each insurer domiciled in the Commonwealth, or the insurance group of which the insurer is a member, to submit to the State Corporation Commission (SCC) a Corporate Governance Annual Disclosure (CGAD). The CGAD is a confidential report containing material information related to an insurer or insurance group's internal operations that permits the SCC to gain an understanding of the insurer's or insurance group's corporate governance structure, policies, and practices,. The measure sets out requirements for completing and submitting a CGAD with the SCC and provides for the confidential treatment of the CGAD and related information. The measure has a delayed effective date of January 1, 2018. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/10/2017 | Committee |
01/10/2017 | Prefiled and ordered printed; offered 01/11/17 17101534D |
01/10/2017 | Referred to Committee on Commerce and Labor |
01/15/2017 | Impact statement from SCC (HB2102) |
01/24/2017 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
01/26/2017 | Read first time |
01/27/2017 | Read second time and engrossed |
01/30/2017 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
01/30/2017 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
01/31/2017 | Constitutional reading dispensed |
01/31/2017 | Referred to Committee on Commerce and Labor |
02/13/2017 | Reported from Commerce and Labor (13-Y 0-N) (see vote tally) |
02/15/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/16/2017 | Read third time |
02/16/2017 | Passed Senate (39-Y 0-N) (see vote tally) |
02/16/2017 | Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally) |
02/16/2017 | Passed Senate (40-Y 0-N) (see vote tally) |
02/20/2017 | Enrolled |
02/20/2017 | Bill text as passed House and Senate (HB2102ER) |
02/20/2017 | Signed by Speaker |
02/21/2017 | Signed by President |
02/21/2017 | Enrolled Bill communicated to Governor on 2/21/17 |
02/21/2017 | G Governor's Action Deadline Midnight, March 27, 2017 |
02/22/2017 | Impact statement from SCC (HB2102ER) |
03/20/2017 | G Approved by Governor-Chapter 643 (effective 1/1/18) |
03/20/2017 | G Acts of Assembly Chapter text (CHAP0643) |