VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2002 SESSION

• | print version

SB 240 Insurance transactions; privacy.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Insurance transactions; privacy. Requires a depository institution selling insurance to provide purchasers with a statement that the insurance policy is not a deposit, is not FDIC insured, is not guaranteed by the bank, and involves investment risk, where appropriate. Currently, the requirement applies only where the insurance is sold in connection with the lending of money or extension of credit. The measure also clarifies that the simplified notice of the insurer's privacy policy must be sent both at issuance of the policy and annually thereafter. The provision regarding giving annual notices is amended to be consistent with the Gramm-Leach-Bliley Act. Finally, duplicative language is deleted.

FULL TEXT

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/08/02 025426254  pdf | impact statement
• 02/21/02  Senate: Bill text as passed Senate and House (SB240ER)  pdf | impact statement
• 03/06/02  Governor: Acts of Assembly Chapter text (CHAP0076)  pdf

HISTORY

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/08/02 025426254
• 01/09/02  Senate: Referred to Committee on Commerce and Labor
• 01/14/02  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 01/16/02  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/16/02  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/17/02  Senate: Read second time and engrossed
• 01/18/02  Senate: Read third time and passed Senate (39-Y 0-N)
• 01/18/02  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 01/18/02  Senate: Communicated to House
• 01/28/02  House: Placed on Calendar
• 01/28/02  House: Read first time
• 01/28/02  House: Referred to Committee on Commerce and Labor
• 02/14/02  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/18/02  House: Read second time
• 02/19/02  House: Read third time
• 02/19/02  House: Passed House BLOCK VOTE (100-Y 0-N)
• 02/19/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/21/02  Senate: Bill text as passed Senate and House (SB240ER)
• 02/22/02  Senate: Enrolled
• 02/22/02  House: Signed by Speaker
• 02/22/02  Senate: Signed by President
• 03/04/02  Governor: Approved by Governor-Chapter 76 (effective 7/1/02)
• 03/06/02  Governor: Acts of Assembly Chapter text (CHAP0076)