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1998 SESSION

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SB 40 Insurance companies; declarations of estimated assessments.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Insurance; declarations of estimated assessments. Requires all insurers subject to Virginia State Corporation Commission (SCC) maintenance assessments (used to maintain the SCC's Bureau of Insurance) to file quarterly declarations if their estimated annual maintenance assessment liabilities are expected to exceed $3,000. Under current law, these estimates are required only from companies who also file premium tax estimates, effectively excluding entities not liable for premium taxes from maintenance assessment estimate obligations. The bill's provisions will become effective on January 1, 1999.

FULL TEXT

• 01/14/98  Senate: Presented & ordered printed, prefiled 01/13/98 983776845  pdf
• 01/21/98  Senate: Printed as engrossed 983776845-E  pdf
• 02/23/98  Senate: Bill text as passed Senate and House (SB40ER)  pdf
• 03/10/98  Governor: Acts of Assembly Chapter text (CHAP0015)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/14/98  Senate: Presented & ordered printed, prefiled 01/13/98 983776845
• 01/14/98  Senate: Referred to Committee on Commerce and Labor
• 01/19/98  Senate: Reported from C. & L. with amendment (15-Y 0-N)
• 01/20/98  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/20/98  Senate: VOTE: (38-Y 0-N)
• 01/21/98  Senate: Read second time
• 01/21/98  Senate: Committee amendment agreed to
• 01/21/98  Senate: Engrossed by Senate as amended
• 01/21/98  Senate: Printed as engrossed 983776845-E
• 01/22/98  Senate: Read third time and passed Senate (38-Y 0-N)
• 01/22/98  Senate: VOTE: PASSAGE R (38-Y 0-N)
• 01/22/98  Senate: Communicated to House
• 01/23/98  House: Placed on Calendar
• 01/26/98  House: Read first time
• 01/26/98  House: Referred to Committee on Corporations, Insurance and Banking
• 02/19/98  House: Reported from Corp., Ins. & Banking (26-Y 0-N)
• 02/20/98  House: Read second time
• 02/23/98  House: Read third time
• 02/23/98  House: Passed House (Block Vote) (96-Y 0-N)
• 02/23/98  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
• 02/23/98  Senate: Bill text as passed Senate and House (SB40ER)
• 02/27/98  Senate: Enrolled
• 02/27/98  House: Signed by Speaker
• 02/27/98  Senate: Signed by President
• 03/09/98  Governor: Approved by Governor-Chapter 15 (effective 1/1/99)
• 03/10/98  Governor: Acts of Assembly Chapter text (CHAP0015)