SEARCH SITE
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.
2024 SESSION
HB 1060 Long-term care insurance; rate increases, notice requirements.
Introduced by: Kathy K.L. Tran | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Long-term care insurance; rate increases; notice requirements. Requires an insurer providing long-term care insurance policies to issue a written notice to each policyholder of the insurer's filing for a rate increase with the State Corporation Commission within 60 days of making such filing. Additionally, the bill requires the insurer to (i) if the Commission denies the rate increase, issue a written notice to each policyholder of the Commission's final decision to deny the rate increase within 90 days of such decision or (ii) if the Commission approves the rate increase, issue a written notice to each policyholder of the rate increase at least 90 days before its effective date that includes certain information listed in the bill. The bill requires the Commission, in reviewing requests to increase long-term care insurance rates, to consider, to the extent practicable, how the rate increase will impact policyholders.
FULL TEXT
- 01/10/24 House: Prefiled and ordered printed; offered 01/10/24 24100708D pdf | impact statement
- 02/12/24 House: Printed as engrossed 24100708D-E pdf | impact statement
- 03/25/24 House: Bill text as passed House and Senate (HB1060ER) pdf | impact statement
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0315) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
- Senate committee, floor amendments and substitutes offered
- House amendments adopted
- Senate amendments
- Senate amendments engrossed
HISTORY
- 01/10/24 House: Prefiled and ordered printed; offered 01/10/24 24100708D
- 01/10/24 House: Referred to Committee on Labor and Commerce
- 01/23/24 House: Assigned L & C sub: Subcommittee #1
- 02/06/24 House: Subcommittee recommends reporting with amendments (5-Y 2-N)
- 02/08/24 House: Reported from Labor and Commerce with amendment(s) (13-Y 9-N)
- 02/11/24 House: Read first time
- 02/12/24 House: Read second time
- 02/12/24 House: Committee amendment agreed to
- 02/12/24 House: Engrossed by House as amended HB1060E
- 02/12/24 House: Printed as engrossed 24100708D-E
- 02/13/24 House: Read third time and passed House (59-Y 39-N)
- 02/13/24 House: VOTE: Passage (59-Y 39-N)
- 02/14/24 Senate: Constitutional reading dispensed
- 02/14/24 Senate: Referred to Committee on Commerce and Labor
- 03/04/24 Senate: Reported from Commerce and Labor with amendment (14-Y 0-N)
- 03/05/24 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/06/24 Senate: Read third time
- 03/06/24 Senate: Reading of amendment waived
- 03/06/24 Senate: Committee amendment agreed to
- 03/06/24 Senate: Engrossed by Senate as amended
- 03/06/24 Senate: Passed Senate with amendment
- 03/07/24 House: Senate amendment agreed to by House (56-Y 43-N)
- 03/07/24 House: VOTE: Adoption (56-Y 43-N)
- 03/25/24 House: Enrolled
- 03/25/24 House: Bill text as passed House and Senate (HB1060ER)
- 03/25/24 Senate: Signed by President
- 03/26/24 House: Signed by Speaker
- 03/27/24 House: Enrolled Bill communicated to Governor on March 27, 2024
- 03/27/24 Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/02/24 Governor: Approved by Governor-Chapter 315 (effective 7/1/24)
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0315)