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2011 SESSION
HB 1919 Virginia Defective Drywall Correction and Restoration Assistance Fund; SCC to collect from insurer.
Introduced by: Robin A. Abbott | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Assessment for the Virginia Defective Drywall Correction and Restoration Assistance Fund. Directs the State Corporation Commission to collect from each licensed insurer writing fire, homeowners, and the property portion of commercial multi-peril insurance an assessment in an amount equal to six-tenths of one percent of the direct gross premium income for such insurance during the preceding calendar year. The moneys collected from the assessment are to be used to provide revenue for the Virginia Defective Drywall Correction and Restoration Assistance Fund. The provision expires July 1, 2016.
FULL TEXT
HISTORY
- 01/11/11 House: Prefiled and ordered printed; offered 01/12/11 11101682D
- 01/11/11 House: Referred to Committee on Commerce and Labor
- 02/08/11 House: Left in Commerce and Labor