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1998 SESSION

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HB 567 Insurance; viatical settlements.

Introduced by: Marian Van Landingham | all patrons    ...    notes | add to my profiles

SUMMARY:

Insurance; viatical settlements. Specifies that the application and license fees (including renewal fees) collected from viatical settlement providers and viatical settlement brokers must be deposited to the fund for the maintenance of the Virginia State Corporation Commission's (SCC) Bureau of Insurance. Current law does not specify where such fees should be directed. The SCC's Bureau of Insurance has oversight responsibility for the viatical industry--an industry which brokers the purchase of life insurance policies from terminally ill individuals. The bill also makes technical amendments.

FULL TEXT

• 01/21/98  House: Presented & ordered printed 983778845  pdf
• 02/20/98  House: Bill text as passed House and Senate (HB567ER)  pdf
• 03/10/98  Governor: Acts of Assembly Chapter text (CHAP0011)  pdf

HISTORY

• 01/21/98  House: Presented & ordered printed 983778845
• 01/21/98  House: Referred to Committee on Corporations, Insurance and Banking
• 01/27/98  House: Reported from Corp., Ins. & Banking (25-Y 0-N)
• 01/28/98  House: Read first time
• 01/29/98  House: Read second time and engrossed
• 01/30/98  House: Passed by for the day
• 02/02/98  House: Read third time and passed House (Block Vote) (96-Y 0-N)
• 02/02/98  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
• 02/02/98  House: Communicated to Senate
• 02/03/98  Senate: Constitutional reading dispensed
• 02/03/98  Senate: Referred to Committee on Commerce and Labor
• 02/16/98  Senate: Reported from Commerce and Labor (14-Y 0-N)
• 02/17/98  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
• 02/17/98  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/18/98  Senate: Read third time
• 02/18/98  Senate: Passed Senate (40-Y 0-N)
• 02/18/98  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/20/98  House: Bill text as passed House and Senate (HB567ER)
• 02/27/98  House: Enrolled
• 02/27/98  House: Signed by Speaker
• 02/27/98  Senate: Signed by President
• 03/08/98  Governor: Approved by Governor-Chapter 11 (effective 7/1/98)
• 03/10/98  Governor: Acts of Assembly Chapter text (CHAP0011)