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2004 SESSION
HB 1155 Interstate Insurance Product Regulation Compact; created.
Introduced by: Harvey B. Morgan | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Interstate Insurance Product Regulation Compact. Provides that Virginia is a Compacting State under the Interstate Insurance Product Regulation Compact. The Compact is intended to: (i) promote and protect the interest of consumers of individual and group annuity, life insurance, disability income, and long-term care insurance products; (ii) develop uniform standards for those insurance products; (iii) act as a central clearinghouse to review insurance products and advertisements; (iv) approve product filings and advertisements; (v) improve coordination of regulatory resources and expertise among state insurance departments regarding uniform standards and review of relevant insurance products; (vi) create the Interstate Insurance Product Regulation Commission; and (vii) perform other related functions consistent with state regulation of the business of insurance. This bill also appoints the Commissioner of Insurance as the Commonwealth's representative to the Interstate Insurance Product Regulation Commission.
FULL TEXT
- 01/14/04 House: Presented & ordered printed, prefiled 01/14/04 040750428 pdf
- 01/27/04 House: Printed as engrossed 040750428-E pdf | impact statement
- 03/24/04 House: Bill text as passed House and Senate (HB1155ER) pdf | impact statement
- 04/21/04 Governor: Acts of Assembly Chapter text (CHAP0761) pdf
AMENDMENTS
HISTORY
- 01/14/04 House: Presented & ordered printed, prefiled 01/14/04 040750428
- 01/14/04 House: Referred to Committee on Commerce and Labor
- 01/22/04 House: Reported from C. & L. with amendment (19-Y 3-N)
- 01/26/04 House: Read first time
- 01/27/04 House: Read second time
- 01/27/04 House: Committee amendment agreed to
- 01/27/04 House: Engrossed by House as amended HB1155E
- 01/27/04 House: Printed as engrossed 040750428-E
- 01/28/04 House: Read third time and passed House (89-Y 8-N)
- 01/28/04 House: VOTE: PASSAGE (89-Y 8-N)
- 01/28/04 House: Communicated to Senate
- 01/29/04 Senate: Constitutional reading dispensed
- 01/29/04 Senate: Referred to Committee on Commerce and Labor
- 03/08/04 Senate: Reported from C. & L. with amendments (11-Y 0-N)
- 03/09/04 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/09/04 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 03/09/04 Senate: Read third time
- 03/09/04 Senate: Reading of amendments waived
- 03/09/04 Senate: Committee amendments agreed to
- 03/09/04 Senate: Engrossed by Senate as amended
- 03/09/04 Senate: Passed Senate with amendments (40-Y 0-N)
- 03/09/04 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 03/10/04 House: Senate amendments agreed to by House (96-Y 1-N)
- 03/10/04 House: VOTE: ADOPTION (96-Y 1-N)
- 03/24/04 House: Enrolled
- 03/24/04 House: Bill text as passed House and Senate (HB1155ER)
- 03/26/04 Senate: Signed by President
- 03/27/04 House: Signed by Speaker
- 04/12/04 Governor: Approved by Governor-Chapter 761 (effective 7/1/04)
- 04/21/04 Governor: Acts of Assembly Chapter text (CHAP0761)