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2017 SESSION
SB 1158 Insurance; reciprocals.
Introduced by: Bryce E. Reeves (by request) | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Insurance; reciprocals. Allows a foreign reciprocal to obtain a license to transact the business of insurance in the Commonwealth if an affiliate of the foreign reciprocal is licensed to write the class of insurance it proposes to write in Virginia and is writing actively that class of insurance in its state of domicile or at least two other states. The measure also provides that a foreign or alien reciprocal is prohibited from transacting the business of insurance in Virginia until it obtains from the State Corporation Commission both a certificate of authority and a license to transact the business of insurance in the Commonwealth.
FULL TEXT
- 01/09/17 Senate: Prefiled and ordered printed; offered 01/11/17 17100812D pdf | impact statement
- 01/26/17 Senate: Printed as engrossed 17100812D-E pdf | impact statement
- 02/22/17 Senate: Bill text as passed Senate and House (SB1158ER) pdf | impact statement
- 03/20/17 Governor: Acts of Assembly Chapter text (CHAP0655) pdf
AMENDMENTS
HISTORY
- 01/09/17 Senate: Prefiled and ordered printed; offered 01/11/17 17100812D
- 01/09/17 Senate: Referred to Committee on Commerce and Labor
- 01/23/17 Senate: Reported from Commerce and Labor with amendments (15-Y 0-N)
- 01/25/17 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/26/17 Senate: Read second time
- 01/26/17 Senate: Reading of amendments waived
- 01/26/17 Senate: Committee amendments agreed to
- 01/26/17 Senate: Engrossed by Senate as amended SB1158E
- 01/26/17 Senate: Printed as engrossed 17100812D-E
- 01/27/17 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/31/17 House: Placed on Calendar
- 01/31/17 House: Read first time
- 01/31/17 House: Referred to Committee on Commerce and Labor
- 02/14/17 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/16/17 House: Read second time
- 02/17/17 House: Read third time
- 02/17/17 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/17/17 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/22/17 Senate: Enrolled
- 02/22/17 Senate: Bill text as passed Senate and House (SB1158ER)
- 02/22/17 Senate: Signed by President
- 02/22/17 House: Signed by Speaker
- 02/23/17 Senate: Enrolled Bill Communicated to Governor on 2/23/17
- 02/23/17 Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/20/17 Governor: Approved by Governor-Chapter 655 (effective 7/1/17)
- 03/20/17 Governor: Acts of Assembly Chapter text (CHAP0655)