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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 204 Insurance; State Corporation Commission regulation and administration.
Introduced by: Clarence A. Holland | all patrons ... notes | add to my profiles
SUMMARY:
Insurance; State Corporation Commission regulation and administration. Incorporates miscellaneous administrative changes throughout the insurance title (38.2) that: (i) Recognize modified guaranteed life and modified guaranteed annuities as classes of insurance that life insurers can write in Virginia; (ii) Clarify the statute as to the approval/disapproval of certificates of group insurance contracts; establish the Commission's authority to promulgate rules and regulations; (iii) Add a number of policy types to Chapter 3 (Insurance Policies and Contracts) that were added in Title 38.2 over the years, but were never specifically incorporated into Chapter 3; (iv) Prescribe the type of annual statement blank foreign insurers are required to use; (v) Correct omitted reference to limited liability companies in Chapter 18; (vi) Include an inadvertently omitted reference to the credit involuntary unemployment section; (vii) Clarify by statute the designation of the funds of the Bureau of Insurance as a special fund; (viii) Facilitate the approval process for broadening automobile insurance coverages by deleting the requirement that forms be approved by administrative order; (ix) Remove an obsolete reference and add a proper reference to Article 3.1 of Chapter 13; (x) Allow an exemption of certain insurers from the cost reporting requirements of Insurance Regulation 38; (xi) Correct a typographical error; and (xii) Authorize the Commission to promulgate rules and regulations regarding coordination of benefits provisions.
FULL TEXT
- 01/24/94 Senate: Presented and ordered printed with emergency clause pdf
- 03/03/94 Senate: Bill text as passed Senate and House (SB204ER) pdf
- 04/07/94 Governor: Acts of Assembly Chapter text (CHAP0316) pdf
HISTORY
- 01/24/94 Senate: Presented and ordered printed with emergency clause
- 01/24/94 Senate: Referred to Committee on Commerce and Labor
- 01/31/94 Senate: Reported from Commerce and Labor (14-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 and engrossed
- 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 (18-Y 0-N)
- 02/25/94 House: Read second time
- 02/28/94 House: Read third time
- 02/28/94 House: Passed House (99-Y 0-N)
- 02/28/94 House: VOTE: PASSAGE EMERGENCY (99-Y 0-N)
- 03/03/94 Senate: Bill text as passed Senate and House (SB204ER)
- 03/09/94 Senate: Enrolled
- 03/09/94 House: Signed by Speaker
- 03/10/94 Senate: Signed by President
- 04/05/94 Governor: Approved by Governor-Chapter 316 (effective 4/5/94)
- 04/07/94 Governor: Acts of Assembly Chapter text (CHAP0316)