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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
SB 100 Financial regulation of insurers.
Introduced by: Charles J. Colgan | all patrons ... notes | add to my profiles
SUMMARY:
Financial regulation of insurers. Amends insurance provisions relating to financial regulation of insurance companies. The bill amends (i) Chapter 13 of Title 38.2 according to the NAIC Disclosure of Material Transactions Model Act and the NAIC Model Law on Examinations; (ii) current requirements for the filing of annual statements; (iii) statutes pertaining to confidentiality and the SCC's responsibility to make available public findings of financial statements; and (iv) Chapter 18 of Title 38.2 to conform to recent NAIC-approved amendments to the Managing General Agents and Reinsurance Intermediaries Acts (model acts on which the Virginia statutes were based). The bill also provides a new method for valuing subsidiary investments. The bill's purpose, according to the State Corporation Commission, is to maintain Virginia's accreditation by the National Association of Insurance Commissioners.
FULL TEXT
- 01/18/94 Senate: Presented and ordered printed pdf
- 02/02/94 Senate: Printed as engrossed LD2918845 (SB100E) pdf
- 03/11/94 Senate: Bill text as passed Senate and House (SB100ER) pdf
- 04/07/94 Governor: Acts of Assembly Chapter text (CHAP0308) pdf
AMENDMENTS
HISTORY
- 01/18/94 Senate: Presented and ordered printed
- 01/18/94 Senate: Referred to Committee on Commerce and Labor
- 01/31/94 Senate: Reported from C. & L. with amendment (15-Y 0-N)
- 02/01/94 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/01/94 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/02/94 Senate: Read second time
- 02/02/94 Senate: Reading of amendment waived
- 02/02/94 Senate: Committee amendment agreed to
- 02/02/94 Senate: Engrossed by Senate as amended
- 02/02/94 Senate: Printed as engrossed LD2918845 (SB100E)
- 02/03/94 Senate: Read third time and passed Senate (36-Y 0-N)
- 02/03/94 Senate: VOTE: PASSAGE (36-Y 0-N)
- 02/03/94 Senate: Communicated to House
- 02/04/94 House: Placed on Calendar
- 02/07/94 House: Read first time
- 02/07/94 House: Referred to Committee on Corporations, Insurance and Banking
- 02/24/94 House: Reported from Corp., Ins. & Banking (15-Y 0-N)
- 02/25/94 House: Read second time
- 02/28/94 House: Passed by for the day
- 03/01/94 House: Read third time
- 03/01/94 House: Passed House (Block Vote) (99-Y 0-N)
- 03/01/94 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/11/94 Senate: Bill text as passed Senate and House (SB100ER)
- 03/22/94 Senate: Enrolled
- 03/23/94 House: Signed by Speaker
- 03/24/94 Senate: Signed by President
- 04/05/94 Governor: Approved by Governor-Chapter 308 (effective 7/1/94)
- 04/07/94 Governor: Acts of Assembly Chapter text (CHAP0308)