Insurance holding companies; supervision of internationally active insurance groups. (HB1759)

Introduced By

Del. Lee Ware (R-Powhatan)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Insurance holding companies; internationally active insurance groups. Authorizes a designated state to act as a group-wide supervisor for an internationally active insurance group (IAIG). An IAIG is an insurance holding company group that has premiums written in at least three countries, has at least 10 percent of premiums written in foreign countries, and has total assets greater than $50 billion or total premiums greater than $10 billion. The measure enacts provisions of the National Association of Insurance Commissioners' revisions to the Model Insurance Holding Company System Regulatory Act. Amends § 38.2-1322, § 38.2-1333, of the Code of Virginia. Read the Bill »

Status

02/20/2019: Passed the General Assembly

History

DateAction
12/21/2018Committee
12/21/2018Prefiled and ordered printed; offered 01/09/19 19102997D
12/21/2018Referred to Committee on Commerce and Labor
01/09/2019Impact statement from SCC (HB1759)
01/10/2019Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
01/14/2019Read first time
01/15/2019Read second time and engrossed
01/16/2019Read third time and passed House BLOCK VOTE (96-Y 0-N)
01/16/2019VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (see vote tally)
01/17/2019Constitutional reading dispensed
01/17/2019Referred to Committee on Commerce and Labor
02/11/2019Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2019Passed Senate
02/14/2019Read third time
02/14/2019Passed Senate (40-Y 0-N) (see vote tally)
02/19/2019Enrolled
02/19/2019Bill text as passed House and Senate (HB1759ER)
02/19/2019Signed by Speaker
02/20/2019Impact statement from SCC (HB1759ER)
02/20/2019Signed by President
02/21/2019Enrolled Bill communicated to Governor on March 21, 2019
02/21/2019G Governor's Action Deadline Midnight, March 25, 2019
02/21/2019Enrolled Bill communicated to Governor on February 21, 2019
02/21/2019G Governor's Action Deadline Midnight, March 26, 2019
03/21/2019G Approved by Governor-Chapter 692 (effective 7/1/19)

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)