Insurers rehabilitation and liquidation; federal home loan bank rights. (HB681)
Introduced By
Del. Will Wampler (R-Abingdon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Insurers rehabilitation and liquidation; federal home loan bank rights. Expands upon provisions that authorize a court, in instances of insurer rehabilitation and liquidation, to issue a restraining order or injunction to an insurer to prevent the transaction of future business or other business activities. The bill further creates provisions relating to federal home loan bank rights and insurer-members of federal home loan banks related to the transfer of assets, delinquency proceedings, and requirements for federal home loan banks upon appointing a receiver for an insurer-member. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/11/2022 | Committee |
| 01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22102241D |
| 01/11/2022 | Referred to Committee on Commerce and Energy |
| 01/20/2022 | Assigned sub: Subcommittee #1 |
| 01/31/2022 | Impact statement from SCC (HB681) |
| 02/01/2022 | Subcommittee recommends striking from docket (7-Y 0-N) |
| 02/15/2022 | Left in Commerce and Energy |
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