VA HB1013 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Commerce and Energy
Pending: House Commerce and Energy Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Commerce and Energy
Pending: House Commerce and Energy Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Long-term care insurance; rate increases; notice requirements. Requires an insurer of long-term care insurance policies to notify its customers and applicants in writing of the insurer's filing for a rate increase with the State Corporation Commission within 60 days of making such filing. Under the bill, if the Commission has approved a rate increase, an insurer of long-term care insurance policies must notify its customers and applicants in writing of the rate increase at least 90 days before the effective date of the rate increase. The bill includes several requirements for each of these notices, requires the Commission to consider the public interest in approving any such rate increase, and prohibits using a rate increase to pay for losses incurred by an insurance company or its shareholders or to pay shareholder dividends.
Title
Long-term care insurance; rate increases, notice requirements.
Sponsors
| Del. Kathy Tran [D] |
Roll Calls
2022-02-03 - House - House: Subcommittee recommends laying on the table (6-Y 4-N) (Y: 6 N: 4 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-15 | House | Left in Commerce and Energy |
| 2022-02-03 | House | Subcommittee recommends laying on the table (6-Y 4-N) |
| 2022-01-25 | House | Assigned sub: Subcommittee #2 |
| 2022-01-12 | House | Referred to Committee on Commerce and Energy |
| 2022-01-12 | House | Prefiled and ordered printed; offered 01/12/22 22103223D |
