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2004 SESSION

• | print version

SB 401 Medical Malpractice Joint Underwriting Association; changes in provisions.

Introduced by: Jay O'Brien | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Medical Malpractice Joint Underwriting Association. Establishes the Virginia Medical Malpractice Joint Underwriting Association, which will provide a market for medical malpractice insurance for any provider of health care that cannot otherwise obtain insurance in a form and at a premium acceptable to the provider. On or before September 30, 2004, the directors of the association must submit a plan of proposed operation to the State Corporation Commission for its approval. The bill eliminates the requirements for the establishment of a stabilization reserve fund and the reserve fund charge. The measure allows the Association's rates to include a premium surcharge based on past and prospective loss and expense experience.

FULL TEXT

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 047632784  pdf | impact statement

HISTORY

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 047632784
• 01/14/04  Senate: Referred to Committee on Commerce and Labor
• 02/02/04  Senate: Continued to 2005 in Commerce and Labor (15-Y 0-N)