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2005 SESSION
SB 913 Insurance rates; revises criteria for qual. as large commercial risk by reducing elig. threshold.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance rates; large commercial risks. Revises the criteria for qualification as a large commercial risk by reducing the eligibility threshold for net worth from $10 million to $2 million; for annual revenues from $25 million to $2 million; for full time employees from 80 to 10; for aggregate insurance payments from $100,000 to $25,000; and for annual budgeting expenditures for nonprofit organizations or public bodies from $10 million to $5 million.
FULL TEXT
- 01/11/05 Senate: Prefiled & ordered printed; offered 01/12/05 057199780 pdf | impact statement
- 02/26/05 Senate: Bill text as passed Senate and House (SB913ER) pdf | impact statement
- 03/25/05 Governor: Acts of Assembly Chapter text (CHAP0251) pdf
HISTORY
- 01/11/05 Senate: Prefiled & ordered printed; offered 01/12/05 057199780
- 01/11/05 Senate: Referred to Committee on Commerce and Labor
- 01/17/05 Senate: Reported from Commerce and Labor (13-Y 1-N)
- 01/19/05 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/19/05 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 01/20/05 Senate: Read second time and engrossed
- 01/21/05 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/21/05 Senate: VOTE: PASSAGE (39-Y 0-N)
- 01/21/05 Senate: Communicated to House
- 02/07/05 House: Placed on Calendar
- 02/07/05 House: Read first time
- 02/07/05 House: Referred to Committee on Commerce and Labor
- 02/08/05 House: Reported from Commerce and Labor (21-Y 0-N)
- 02/10/05 House: Read second time
- 02/11/05 House: Read third time
- 02/11/05 House: Passed House BLOCK VOTE (91-Y 0-N)
- 02/11/05 House: VOTE: BLOCK VOTE PASSAGE (91-Y 0-N)
- 02/26/05 Senate: Bill text as passed Senate and House (SB913ER)
- 02/26/05 Senate: Enrolled
- 02/26/05 Senate: Signed by President
- 02/26/05 House: Signed by Speaker
- 03/20/05 Governor: Approved by Governor-Chapter 251 (effective 7/1/05)
- 03/25/05 Governor: Acts of Assembly Chapter text (CHAP0251)