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2011 SESSION
HB 2286 Surplus lines insurance; eliminates requirement that broker be licensed in Virginia.
Introduced by: Mark D. Sickles | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Surplus lines insurance. Eliminates the requirement that a surplus lines broker be licensed in Virginia unless the broker is selling, soliciting, or negotiating contracts of insurance for insureds whose home state is Virginia. The measure also establishes uniform eligibility requirements for the approval of nonadmitted, or unlicensed, insurers in Virginia and clarifies that surplus lines premium taxes will be collected for risks whose home state is Virginia. The amendments implement provisions of the federal Nonadmitted and Reinsurance Reform Act of 2010.
FULL TEXT
- 01/12/11 House: Prefiled and ordered printed; offered 01/12/11 11101707D pdf
- 01/25/11 House: Printed as engrossed 11101707D-E pdf | impact statement
- 02/23/11 House: Bill text as passed House and Senate (HB2286ER) pdf | impact statement
- 03/24/11 Governor: Acts of Assembly Chapter text (CHAP0498) pdf
AMENDMENTS
HISTORY
- 01/12/11 House: Prefiled and ordered printed; offered 01/12/11 11101707D
- 01/17/11 House: Referred to Committee on Commerce and Labor
- 01/20/11 House: Reported from Commerce and Labor with amendments (22-Y 0-N)
- 01/24/11 House: Read first time
- 01/25/11 House: Read second time
- 01/25/11 House: Committee amendments agreed to
- 01/25/11 House: Engrossed by House as amended HB2286E
- 01/25/11 House: Printed as engrossed 11101707D-E
- 01/26/11 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 01/26/11 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 01/27/11 Senate: Constitutional reading dispensed
- 01/27/11 Senate: Referred to Committee on Commerce and Labor
- 02/14/11 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/16/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/17/11 Senate: Read third time
- 02/17/11 Senate: Passed Senate (39-Y 0-N)
- 02/23/11 House: Enrolled
- 02/23/11 House: Bill text as passed House and Senate (HB2286ER)
- 02/23/11 House: Signed by Speaker
- 02/23/11 Senate: Signed by President
- 03/24/11 Governor: Approved by Governor-Chapter 498 (effective 7/1/11)
- 03/24/11 Governor: Acts of Assembly Chapter text (CHAP0498)