SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2002 SESSION
HB 199 Change of insurance agent of record.
Introduced by: Vincent F. Callahan, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Change of insurance agent of record. Requires insurers to accept and honor a request by a policyholder to change the insurance agent of record to a new agent, who must be a duly appointed agent of the insurer. The change is effective on the date of the next renewal of the policy, unless the request is withdrawn. The new agent shall be paid all commissions payable on the policy, excluding commissions or other compensation payable under a retirement or deferred compensation plan with the insurance agent. This provision applies only to limited lines property and casualty agents, property and casualty insurance agents, personal lines agents, restricted nonresident property and casualty agents, and restricted nonresident personal lines agents. It does not apply to insurers that permit insureds to change the insurance agent of record under terms that are at least as favorable as provided by this measure, and equitably allocate commissions between the current and new insurance agents. The measures will be effective September 1, 2002.
FULL TEXT
- 01/09/02 House: Presented & ordered printed, prefiled 01/04/02 020178660 pdf | impact statement
- 02/06/02 House: Committee substitute printed 025491660-H1 pdf | impact statement
- 03/09/02 House: Bill text as passed House and Senate (HB199ER) pdf | impact statement
- 04/02/02 Governor: Acts of Assembly Chapter text (CHAP0323) pdf
AMENDMENTS
HISTORY
- 01/09/02 House: Presented & ordered printed, prefiled 01/04/02 020178660
- 01/09/02 House: Referred to Committee on Commerce and Labor
- 02/05/02 House: Reported from C. & L. with substitute (22-Y 0-N)
- 02/06/02 House: Committee substitute printed 025491660-H1
- 02/07/02 House: Read first time
- 02/08/02 House: Read second time
- 02/08/02 House: Committee substitute agreed to 025491660-H1
- 02/08/02 House: Engrossed by House - committee substitute 025491660-H1
- 02/09/02 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/09/02 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/09/02 House: Communicated to Senate
- 02/11/02 Senate: Constitutional reading dispensed
- 02/11/02 Senate: Referred to Committee on Commerce and Labor
- 02/25/02 Senate: Reported from C. & L. with amendment (13-Y 0-N)
- 02/27/02 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 02/27/02 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/28/02 Senate: Read third time
- 02/28/02 Senate: Reading of amendment waived
- 02/28/02 Senate: Committee amendment agreed to
- 02/28/02 Senate: Engrossed by Senate as amended
- 02/28/02 Senate: Passed Senate with amendment (40-Y 0-N)
- 02/28/02 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 03/01/02 House: Placed on Calendar
- 03/04/02 House: Senate amendment agreed to by House (94-Y 0-N)
- 03/04/02 House: VOTE: ADOPTION (94-Y 0-N)
- 03/09/02 House: Bill text as passed House and Senate (HB199ER)
- 03/18/02 House: Enrolled
- 03/18/02 House: Signed by Speaker
- 03/18/02 Senate: Signed by President
- 04/01/02 Governor: Approved by Governor-Chapter 323 (effective 7/1/02)
- 04/02/02 Governor: Acts of Assembly Chapter text (CHAP0323)