WV SB496 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on March 11 2017 - 50% progression, died in committee
Action: 2017-03-13 - To House Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Comm Sub) [HTML]
Status: Engrossed on March 11 2017 - 50% progression, died in committee
Action: 2017-03-13 - To House Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Comm Sub) [HTML]
Summary
The purpose of this bill is to clarify that guaranteed asset protection waivers are not insurance; to specify terms and conditions under which guaranteed asset protection waiver contracts may be sold in this state; and to provide an exception for commercial transactions. The bill also authorizes the Insurance Commissioner to impose a civil money penalty for all violations of this section.
Title
Relating generally to guaranteed asset protection waivers
Sponsors
| Sen. Ed Gaunch [R] |
Roll Calls
2017-03-11 - Senate - Passed Senate (Roll No. 94) (Y: 33 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-13 | House | To House Judiciary |
| 2017-03-13 | House | To Judiciary |
| 2017-03-13 | House | Introduced in House |
| 2017-03-11 | Senate | Ordered to House |
| 2017-03-11 | Senate | Passed Senate (Roll No. 94) |
| 2017-03-11 | Senate | Read 3rd time |
| 2017-03-11 | Senate | On 3rd reading |
| 2017-03-10 | Senate | Read 2nd time |
| 2017-03-10 | Senate | On 2nd reading |
| 2017-03-09 | Senate | Read 1st time |
| 2017-03-09 | Senate | On 1st reading |
| 2017-03-08 | Senate | Committee substitute reported |
| 2017-03-02 | Senate | To Judiciary |
| 2017-03-02 | Senate | Introduced in Senate |
| 2017-03-02 | Senate | To Judiciary |
| 2017-03-02 | Senate | Filed for introduction |
Same As/Similar To
HB2126 (Similar To) 2017-02-08 - To House Banking and Insurance
