Va. Life, Accident & Sickness Insurance Guaranty Assoc.; assessments for long-term care insurance. (HB1486)
Introduced By
Del. Terry Kilgore (R-Gate City)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Life, Accident and Sickness Insurance Guaranty Association. Amends the methodology for allocating assessments for long-term care insurance written by an impaired or insolvent insurer. The measure requires that 50 percent of such assessments be allocated to health insurers and 50 percent to life insurers. The measure provides that health maintenance organizations (HMOs) will participate in the Guaranty Association. Provisions that established an alternative method to address insolvencies of HMOs are repealed. The measure also updates terminology and makes conforming amendments based on proposed changes to the National Association of Insurance Commissioners' Life and Health Insurance Guaranty Association model act.
Outcome
History
Date | Action |
---|---|
01/18/2018 | Committee |
01/18/2018 | Presented and ordered printed 18104701D |
01/18/2018 | Referred to Committee on Commerce and Labor |
01/28/2018 | Impact statement from SCC (HB1486) |
02/08/2018 | Reported from Commerce and Labor with substitute (12-Y 8-N) (see vote tally) |
02/08/2018 | Committee substitute printed 18106602D-H1 |
02/10/2018 | Read first time |
02/12/2018 | Read second time |
02/12/2018 | Committee substitute agreed to 18106602D-H1 |
02/12/2018 | Engrossed by House - committee substitute HB1486H1 |
02/13/2018 | Read third time and passed House (73-Y 24-N) |
02/13/2018 | VOTE: PASSAGE (73-Y 24-N) (see vote tally) |
02/14/2018 | Impact statement from SCC (HB1486H1) |
02/14/2018 | Constitutional reading dispensed |
02/14/2018 | Referred to Committee on Commerce and Labor |
02/26/2018 | Reported from Commerce and Labor (13-Y 1-N 1-A) (see vote tally) |
02/28/2018 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
03/01/2018 | Read third time |
03/01/2018 | Passed Senate (36-Y 4-N) (see vote tally) |
03/05/2018 | Enrolled |
03/05/2018 | Bill text as passed House and Senate (HB1486ER) |
03/05/2018 | Signed by Speaker |
03/06/2018 | Impact statement from SCC (HB1486ER) |
03/08/2018 | Signed by President |
03/14/2018 | Enrolled Bill communicated to Governor on March 14, 2018 |
03/14/2018 | G Governor's Action Deadline Midnight, April 9, 2018 |
03/30/2018 | G Approved by Governor-Chapter 706 (effective 7/1/18) |
03/30/2018 | G Acts of Assembly Chapter text (CHAP0706) |