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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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1995 SESSION
HB 1917 State Corporation Commission; risk retention groups; jurisdiction.
Introduced by: Clifton A. Woodrum | all patrons ... notes | add to my profiles
SUMMARY:
State Corporation Commission; risk retention groups; jurisdiction. Declares the Virginia State Corporation Commission (SCC) a court of competent jurisdiction under the Federal Risk Retention Act. The Virginia Supreme Court recently held in National Homes Ins. Co. v. State Corporation Commission, 248 Va. 161 (1994) that the SCC is not such a court for the purposes of this Act. However, in a related case before the Federal District Court for the Eastern District of Virginia, National Home Ins. Co. v. State Corporation Commission, 838 F. Supp. 1104 (E.D. Va. 1993), the federal district court held that the SCC could be a court of competent jurisdiction under the Act. According to the SCC, this bill will clarify its authority to investigate, enjoin and otherwise exercise jurisdiction over risk retention groups that are in a hazardous financial condition or financially impaired.
FULL TEXT
- 01/20/95 House: Presented & ordered printed LD3399845 pdf
- 03/03/95 House: Bill text as passed House and Senate (HB1917ER) pdf
- 05/09/95 Governor: Acts of Assembly Chapter text (CHAP0843) pdf
AMENDMENTS
HISTORY
- 01/20/95 House: Presented & ordered printed LD3399845
- 01/20/95 House: Referred to Committee on Corporations, Insurance and Banking
- 01/24/95 House: Reported from Corp., Ins. & Banking (22-Y 0-N)
- 01/25/95 House: Read first time
- 01/26/95 House: Read second time and engrossed
- 01/27/95 House: Read third time and passed House (Block Vote) (99-Y 0-N)
- 01/27/95 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 01/27/95 House: Communicated to Senate
- 01/30/95 Senate: Read first time
- 01/30/95 Senate: Referred to Committee on Commerce and Labor
- 02/20/95 Senate: Reported from Commerce and Labor (12-Y 3-N)
- 02/21/95 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/21/95 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/22/95 Senate: Read third time
- 02/22/95 Senate: Passed Senate (31-Y 6-N)
- 02/22/95 Senate: VOTE: PASSAGE (31-Y 6-N)
- 03/03/95 House: Bill text as passed House and Senate (HB1917ER)
- 03/10/95 House: Enrolled
- 03/10/95 House: Signed by Speaker
- 03/13/95 Senate: Signed by President
- 03/27/95 House: Governor's recommendation received by House
- 04/05/95 House: House rejected Gov's recommendation (34-Y 63-N)
- 04/05/95 House: VOTE: REJECTED (34-Y 63-N)
- 04/05/95 House: Communicated to Governor
- 05/05/95 Governor: Approved by Governor-Chapter 843 (effective 7/1/95)
- 05/09/95 Governor: Acts of Assembly Chapter text (CHAP0843)