Benefits consortium; formation by a sponsoring association. (SB934)

Introduced By

Sen. Siobhan Dunnavant (R-Henrico) with support from co-patron Sen. Frank Wagner (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Benefits consortium. Authorizes an association organized as a nonstock corporation whose members are employers conducting business in the Commonwealth to sponsor a trust. The measure authorizes the trust, called a benefits consortium, to sell benefits plans to its members. To be eligible to sponsor a plan, the association is required to have been actively in existence for 10 years, have at least five members, have been formed for purposes other than obtaining or providing health benefits, and operate as a nonprofit entity. A wholly owned subsidiary of such an entity is eligible to be a sponsoring association. The benefits plans may provide medical prescription drug, dental, and vision coverage for the employees of members and the sponsoring association and their dependents. The benefits may be self-funded or purchased from an insurer. The benefits consortium will be a multiple employer welfare arrangement subject to the provisions of the federal Employee Retirement Income Security Act of 1974. The measure exempts the benefits consortium from state taxation and insurance regulations. Read the Bill »


Bill Has Failed


01/19/2018Presented and ordered printed 18104849D
01/19/2018Referred to Committee on Commerce and Labor
01/28/2018Impact statement from SCC (SB934)
01/29/2018Reported from Commerce and Labor with amendment (14-Y 0-N) (see vote tally)
01/31/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/01/2018Read second time
02/01/2018Reading of amendment waived
02/01/2018Committee amendment agreed to
02/01/2018Engrossed by Senate as amended SB934E
02/01/2018Printed as engrossed 18104849D-E
02/02/2018Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/08/2018Placed on Calendar
02/08/2018Read first time
02/08/2018Referred to Committee on Commerce and Labor
02/12/2018Impact statement from SCC (SB934E)
03/01/2018Reported from Commerce and Labor (12-Y 9-N) (see vote tally)
03/05/2018Read second time
03/06/2018Read third time
03/06/2018Passed House (51-Y 46-N)
03/06/2018VOTE: PASSAGE (51-Y 46-N) (see vote tally)
03/08/2018Bill text as passed Senate and House (SB934ER)
03/08/2018Signed by Speaker
03/09/2018Impact statement from SCC (SB934ER)
03/10/2018Signed by President
03/16/2018Enrolled Bill Communicated to Governor on March 16, 2018
03/16/2018G Governor's Action Deadline Midnight, April 9, 2018
04/09/2018Governor's recommendation received by Senate
04/18/2018Senate rejected Governor's recommendation (18-Y 21-N)
04/18/2018Communicated to Governor
04/18/2018G Governor's Action Deadline Midnight, May 18, 2018
05/18/2018G Vetoed by Governor