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2002 SESSION

• | print version

SB 151 Uninsured motorist coverage; rates and refunds.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Uninsured motorist coverage; rates and refunds. Eliminates the requirement that the State Corporation Commission grant prior approval of uninsured motorist rates. Instead, insurers will be authorized to use the “file and use” procedure. The bill also changes the distribution of refunds from the Uninsured Motorists Fund, basing the distribution in the proportion that each reporting insurer’s written car years bear to the total number of written car years by all participating insurers in Virginia. Currently, refunds are distributed in the proportion that each insurer’s premium income bears to the total premium income for basic uninsured motorists coverage.

FULL TEXT

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/08/02 025769508  pdf | impact statement
• 03/06/02  Senate: Bill text as passed Senate and House (SB151ER)  pdf | impact statement
• 03/26/02  Governor: Acts of Assembly Chapter text (CHAP0145)  pdf

HISTORY

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/08/02 025769508
• 01/09/02  Senate: Referred to Committee on Commerce and Labor
• 01/14/02  Senate: Reported from Commerce and Labor (14-Y 1-N)
• 01/16/02  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/16/02  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/17/02  Senate: Read second time and engrossed
• 01/18/02  Senate: Passed by for the day
• 01/21/02  Senate: Read third time and passed Senate (39-Y 1-N)
• 01/21/02  Senate: VOTE: PASSAGE (39-Y 1-N)
• 01/21/02  Senate: Communicated to House
• 01/28/02  House: Placed on Calendar
• 01/28/02  House: Read first time
• 01/28/02  House: Referred to Committee on Commerce and Labor
• 02/26/02  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/28/02  House: Read second time
• 03/01/02  House: Read third time
• 03/01/02  House: Passed House BLOCK VOTE (98-Y 0-N)
• 03/01/02  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 03/05/02  Senate: Passed by for the day
• 03/06/02  Senate: Bill text as passed Senate and House (SB151ER)
• 03/07/02  Senate: Enrolled
• 03/07/02  House: Signed by Speaker
• 03/07/02  Senate: Signed by President
• 03/22/02  Governor: Approved by Governor-Chapter 145 (effective 7/1/02)
• 03/26/02  Governor: Acts of Assembly Chapter text (CHAP0145)