Insurance; use of credit rating. (HB2230)

Introduced By

Del. Lamont Bagby (D-Richmond)

Progress

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

Description

Insurance; use of credit rating. Clarifies what constitutes adverse action in the use of credit in the rating and underwriting of homeowners and private passenger automobile insurance policies. An insurer is required to notify the applicant or insured when an insurer takes adverse action based on credit information. The measure conforms the definition of adverse action to the U.S. Supreme Court's decision in Safeco Insurance Company v. Burr, in which it held that an adverse action has occurred only when the use of credit information puts the applicant or insured in a worse position than if credit had not been considered. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19103008D
01/08/2019Referred to Committee on Commerce and Labor
01/14/2019Impact statement from SCC (HB2230)
01/22/2019Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
01/24/2019Read first time
01/25/2019Read second time and engrossed
01/28/2019Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/28/2019VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/29/2019Constitutional reading dispensed
01/29/2019Referred to Committee on Commerce and Labor
02/11/2019Reported from Commerce and Labor (13-Y 0-N) (see vote tally)
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2019Passed by for the day
02/15/2019Passed by for the day
02/18/2019Passed by for the day
02/19/2019Read third time
02/19/2019Passed Senate (40-Y 0-N) (see vote tally)
02/22/2019Enrolled
02/22/2019Bill text as passed House and Senate (HB2230ER)
02/22/2019Signed by Speaker
02/22/2019Signed by President
02/25/2019Impact statement from SCC (HB2230ER)
03/04/2019Enrolled Bill communicated to Governor on March 4, 2019
03/04/2019G Governor's Action Deadline Midnight, March 26, 2019
03/21/2019G Approved by Governor-Chapter 704 (effective 7/1/19)
03/21/2019G Acts of Assembly Chapter text (CHAP0704)

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