Individual and certain group health benefit plans; rates for plans, minimum loss ratios. (HB2345)

Introduced By

Del. David Toscano (D-Charlottesville)

Progress

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

Description

Health insurance rates; minimum loss ratios. Codifies certain provisions that currently are set out in regulations adopted by the State Corporation Commission pertaining to the establishment of minimum loss ratios to assure that the benefits provided by accident and sickness insurance policies are or are likely to be reasonable in relation to the premiums charged. The measure authorizes the Commission, upon finding that a premium rate filed will not meet the originally filed and approved loss ratio, to require appropriate rate adjustments, premium refunds, or premium credits as necessary for the coverage to conform with established minimum loss ratio standards. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102654D
01/08/2019Referred to Committee on Commerce and Labor
01/15/2019Assigned C & L sub: Subcommittee #1
01/16/2019Impact statement from SCC (HB2345)
01/17/2019House subcommittee amendments and substitutes offered
01/17/2019Subcommittee recommends reporting with substitute (7-Y 0-N)
01/22/2019House committee, floor amendments and substitutes offered
01/22/2019Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally)
01/22/2019Committee substitute printed 19105334D-H1
01/24/2019Read first time
01/25/2019Read second time
01/25/2019Committee substitute agreed to 19105334D-H1
01/25/2019Engrossed by House - committee substitute HB2345H1
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
02/10/2019Impact statement from SCC (HB2345H1)
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 (HB2345ER)
02/19/2019Signed by Speaker
02/20/2019Impact statement from SCC (HB2345ER)
02/20/2019Signed by President
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
03/19/2019G Approved by Governor-Chapter 607 (effective 7/1/19)
03/19/2019G Acts of Assembly Chapter text (CHAP0607)