VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

1995 SESSION

• | print version

HB 1901 Credit insurance.

Introduced by: William P. Robinson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Credit insurance. Amends provisions relating to credit involuntary unemployment insurance, credit life, and credit accident and sickness insurance. The bill defines “credit property insurance” to mean insurance against direct physical damage to personal household property (excluding motor vehicles, mobile homes and watercraft) used as security for a loan or other credit transaction. Under the bill, a credit property insurance agent may obtain a license as such an agent without taking a written examination. This bill also changes from 25 to 7 the number of days in which a loan or credit transaction must have been effective in order for an exemption from certain disclosure requirements to apply to credit involuntary unemployment insurance, credit life and credit accident and sickness insurance. Finally, regarding credit accident and sickness insurance, the bill authorizes joint coverage at rates not to exceed 165 percent of applicable rates.

FULL TEXT

• 01/20/95  House: Presented & ordered printed LD5617432  pdf
• 02/04/95  House: Committee substitute printed LD8167432-H1  pdf
• 02/21/95  House: Bill text as passed House and Senate (HB1901ER)  pdf
• 03/15/95  Governor: Acts of Assembly Chapter text (CHAP0167)  pdf

HISTORY

• 01/20/95  House: Presented & ordered printed LD5617432
• 01/20/95  House: Referred to Committee on Corporations, Insurance and Banking
• 02/04/95  House: Reported from C. I. B. w/sub. (22-Y 0-N)
• 02/04/95  House: Committee substitute printed LD8167432-H1
• 02/05/95  House: Read first time
• 02/06/95  House: Read second time
• 02/06/95  House: Committee substitute agreed to LD8167432-H1
• 02/06/95  House: Engrossed by House - com. sub. LD8167432-H1
• 02/07/95  House: Read third time and passed House (Block Vote) (99-Y 0-N)
• 02/07/95  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/07/95  House: Communicated to Senate
• 02/08/95  Senate: Read first time
• 02/08/95  Senate: Referred to Committee on Commerce and Labor
• 02/13/95  Senate: Reported from Commerce and Labor (9-Y 0-N 3-A)
• 02/14/95  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/14/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/15/95  Senate: Read third time
• 02/15/95  Senate: Passed Senate (38-Y 0-N)
• 02/15/95  Senate: VOTE: PASSAGE (38-Y 0-N)
• 02/21/95  House: Bill text as passed House and Senate (HB1901ER)
• 02/24/95  House: Enrolled
• 02/25/95  House: Signed by Speaker
• 02/25/95  Senate: Signed by President
• 03/10/95  Governor: Approved by Governor-Chapter 167 (effective 7/1/95)
• 03/15/95  Governor: Acts of Assembly Chapter text (CHAP0167)