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1999 SESSION
HB 2643 Accident and sickness claim proceeds; escrow accounts; penalty.
Introduced by: H. Morgan Griffith | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Accident and sickness claim proceeds; escrow accounts; penalty. Provides that an insurer must, within thirty days of receipt of proof of loss, either pay an accident and sickness claim or place in an interest-bearing escrow account an amount equal to the usual and customary fee charged for the service rendered. All interest earned from the money placed in escrow is to be paid annually to the Virginia Indigent Health Care Trust Fund. Any person who knowingly and willfully fails to pay in a timely manner the contribution owed to the fund may be civilly liable for penalties up to $500 per day.
FULL TEXT
- 01/21/99 House: Presented & ordered printed 992446254 pdf
- 02/06/99 House: Committee substitute printed 993377254-H1 pdf
- 02/09/99 House: Floor substitute printed 993402254-H2 (Griffith) pdf
HISTORY
- 01/21/99 House: Presented & ordered printed 992446254
- 01/21/99 House: Referred to Committee on Corporations, Insurance and Banking
- 01/28/99 House: Assigned to C. I. B. sub-committee: 3
- 02/06/99 House: Reported from C. I. B. w/sub. (25-Y 0-N)
- 02/06/99 House: Committee substitute printed 993377254-H1
- 02/06/99 House: Constitutional reading dispensed
- 02/07/99 House: Passed by for the day
- 02/08/99 House: Passed by for the day
- 02/09/99 House: Read second time
- 02/09/99 House: Committee substitute rejected 993377254-H1
- 02/09/99 House: Substitute by Mr. Griffth agreed to 993402254-H2
- 02/09/99 House: Floor substitute printed 993402254-H2 (Griffith)
- 02/09/99 House: Engrossed by House - fl. sub. 9993402254-H2
- 02/09/99 House: Constitutional reading dispensed
- 02/09/99 House: Passed House (99-Y 0-N)
- 02/09/99 House: VOTE: PASSAGE (99-Y 0-N)
- 02/09/99 House: Communicated to Senate
- 02/11/99 Senate: Constitutional reading dispensed
- 02/11/99 Senate: Referred to Committee on Commerce and Labor
- 02/22/99 Senate: Passed by indefinitely in Commerce & Labor (15-Y 0-N)