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1996 SESSION

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HB 364 Insurance; SCC acceptance of insurance examination reports.

Introduced by: R. Creigh Deeds | all patrons    ...    notes | add to my profiles

SUMMARY:

Insurance; SCC acceptance of insurance examination reports. Permits the Virginia State Corporation Commission (SCC) to determine the acceptability of reports of examination of foreign and alien insurers by looking to the standards employed in the examination of domestic insurers. Current law limits the SCC's considerations to whether the examination is either reported by the insurance department of a state which has been accredited by the NAIC or performed under the supervision of an accredited insurance department.


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