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2008 SESSION
HB 116 Foreign title insurance companies; unearned premium reserves.
Introduced by: R. Lee Ware, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Foreign title insurance companies; unearned premium reserves. Authorizes foreign title insurance companies to establish and maintain unearned premium reserves on title insurance policies issued on Virginia properties pursuant to the reserving laws of the companies' domiciliary regulator, if the domiciliary regulator is accredited under the National Association of Insurance Commissioner's Financial Regulation Standards and Accreditation Program. Currently, foreign title insurance companies are required to maintain unearned premium reserves at the higher of the amount required of domestic title insurance companies or the amount required in the jurisdiction of domicile.
FULL TEXT
- 12/17/07 House: Prefiled and ordered printed; offered 01/09/08 084493780 pdf | impact statement
- 02/25/08 House: Bill text as passed House and Senate (HB116ER) pdf | impact statement
- 03/06/08 Governor: Acts of Assembly Chapter text (CHAP0248) pdf
HISTORY
- 12/17/07 House: Prefiled and ordered printed; offered 01/09/08 084493780
- 12/17/07 House: Referred to Committee on General Laws
- 01/17/08 House: Assigned GL sub: Housing
- 01/22/08 House: Referred from General Laws by voice vote
- 01/22/08 House: Referred to Committee on Commerce and Labor
- 01/29/08 House: Reported from Commerce and Labor (21-Y 0-N)
- 01/31/08 House: Read first time
- 02/01/08 House: Read second time and engrossed
- 02/04/08 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/04/08 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/04/08 House: Communicated to Senate
- 02/05/08 Senate: Constitutional reading dispensed
- 02/05/08 Senate: Referred to Committee on Commerce and Labor
- 02/18/08 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/20/08 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/21/08 Senate: Read third time
- 02/21/08 Senate: Passed Senate (39-Y 0-N)
- 02/21/08 Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
- 02/21/08 Senate: Passed Senate (40-Y 0-N)
- 02/25/08 House: Enrolled
- 02/25/08 House: Bill text as passed House and Senate (HB116ER)
- 02/25/08 House: Signed by Speaker
- 02/26/08 Senate: Signed by President
- 03/04/08 Governor: Approved by Governor-Chapter 248 (effective 7/1/08)
- 03/06/08 Governor: Acts of Assembly Chapter text (CHAP0248)