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2015 SESSION

• | print version

HB 1936 Virginia Life, Accident and Sickness Insurance Guaranty Association; limits on obligations.

Introduced by: Robert B. Bell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Life, Accident and Sickness Insurance Guaranty Association. Increases the maximum amount that the Association may become obligated to cover with respect to the present value of annuity benefits, including net cash surrender and net cash withdrawal values, from $250,000 to $500,000 in situations where the annuity was purchased or acquired by the sponsor of an employer's defined benefit pension plan for the benefit of a plan participant, in the course of full or partial termination of a pension plan that prior to such termination was subject to the provisions of the federal Employee Retirement Income Security Act.

FULL TEXT

• 01/13/15  House: Prefiled and ordered printed; offered 01/14/15 15103433D  pdf | impact statement

HISTORY

• 01/13/15  House: Prefiled and ordered printed; offered 01/14/15 15103433D
• 01/13/15  House: Referred to Committee on Commerce and Labor
• 01/29/15  House: Tabled in Commerce and Labor by voice vote