Legal services plans; registration information or fees. (HB1240)

Introduced By

Del. Tony Wilt (R-Harrisonburg)

Progress

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

Description

Legal services plans. Authorizes legal services organizations to provide to the Virginia Department of Agriculture and Consumer Services any registration information or fees on behalf of their legal services plan sellers. Currently, sellers are required to register with the Department individually. The measure also (i) allows legal services plans to be written in Virginia by a foreign corporation that is licensed as an insurer in its state of domicile and authorized write legal services plans under the laws of any state; (ii) authorizes a foreign insurer issuing legal services plans to file financial statements with the State Corporation Commission using certain alternative forms; (iii) allows a legal services organization to use policy forms without prior approval of the Commission if it has filed an informational filing and written notice of its intent to use the form; (iv) allows legal services organizations to exclude the management discussion and analysis sections of their financial statements filed with the Commission; and (v) provides that the Commission may investigate or examine a legal services organization as it deems necessary. Read the Bill »

Status

02/17/2020: passed committee

History

DateAction
01/08/2020Committee
01/08/2020Prefiled and ordered printed; offered 01/08/20 20105065D
01/08/2020Referred to Committee on Labor and Commerce
01/23/2020Impact statement from DPB (HB1240)
01/28/2020House committee, floor amendments and substitutes offered
01/28/2020Committee substitute printed 20106498D-H1
01/28/2020Reported from Labor and Commerce with substitute (17-Y 0-N) (see vote tally)
01/30/2020Read first time
01/31/2020Read second time
01/31/2020Committee substitute agreed to 20106498D-H1
01/31/2020Engrossed by House - committee substitute HB1240H1
02/03/2020Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/03/2020VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/04/2020Constitutional reading dispensed
02/04/2020Referred to Committee on Commerce and Labor
02/17/2020Impact statement from DPB (HB1240H1)
02/17/2020Reported from Commerce and Labor (15-Y 0-N) (see vote tally)

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