Life insurance; decreases the minimum nonforfeiture amount interest rate. (HB44)

Introduced By

Del. Lee Ware (R-Powhatan)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Standard nonforfeiture provisions for life insurance; minimum nonforfeiture amounts; interest rates. Decreases the minimum nonforfeiture amount interest rate from one percent to 0.15 percent. Read the Bill »


Bill Has Passed


12/31/2021Prefiled and ordered printed; offered 01/12/22 22101312D
12/31/2021Referred to Committee on Commerce and Energy
01/12/2022Impact statement from SCC (HB44)
01/18/2022Reported from Commerce and Energy (21-Y 0-N) (see vote tally)
01/20/2022Read first time
01/21/2022Read second time and engrossed
01/24/2022VOTE: (99-Y 0-N) (see vote tally)
01/24/2022Read third time and passed House Block Vote (99-Y 0-N)
01/24/2022VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
01/25/2022Constitutional reading dispensed
01/25/2022Referred to Committee on Commerce and Labor
02/28/2022Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
03/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/03/2022Read third time
03/03/2022Passed Senate (39-Y 0-N) (see vote tally)
03/08/2022Bill text as passed House and Senate (HB44ER)
03/08/2022Signed by Speaker
03/08/2022Signed by President
03/10/2022Impact statement from SCC (HB44ER)
03/22/2022Enrolled Bill communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/07/2022G Approved by Governor-Chapter 176 (effective 7/1/22)
04/07/2022G Acts of Assembly Chapter text (CHAP0176)

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