Virginia House Bill 116 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Passed on March 4 2008 - 100% progression
Action: 2008-03-06 - Governor: Acts of Assembly Chapter text (CHAP0248)

Foreign title insurance companies; unearned premium reserves. Authorizes foreign title insurance companies to establish and maintain unearned premium reserves on title insurance policies issued on Virginia properties pursuant to the reserving laws of the companies' domiciliary regulator, if the domiciliary regulator is accredited under the National Association of Insurance Commissioner's Financial Regulation Standards and Accreditation Program. Currently, foreign title insurance companies are required to maintain unearned premium reserves at the higher of the amount required of domestic title insurance companies or the amount required in the jurisdiction of domicile.

Foreign title insurance companies; unearned premium reserves.

No sponsor information available at this time.

Date	Chamber	Action
2008-03-06		Governor: Acts of Assembly Chapter text (CHAP0248)
2008-03-04		Governor: Approved by Governor-Chapter 248 (effective 7/1/08)
2008-02-26		Senate: Signed by President
2008-02-25		House: Signed by Speaker
2008-02-25		House: Bill text as passed House and Senate (HB116ER)
2008-02-25		House: Enrolled
2008-02-21		Senate: Passed Senate (40-Y 0-N)
2008-02-21		Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
2008-02-21		Senate: Passed Senate (39-Y 0-N)
2008-02-21		Senate: Read third time
2008-02-20		Senate: Constitutional reading dispensed (40-Y 0-N)
2008-02-18		Senate: Reported from Commerce and Labor (15-Y 0-N)
2008-02-05		Senate: Referred to Committee on Commerce and Labor
2008-02-05		Senate: Constitutional reading dispensed
2008-02-04		House: Communicated to Senate
2008-02-04		House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
2008-02-04		House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
2008-02-01		House: Read second time and engrossed
2008-01-31		House: Read first time
2008-01-29		House: Reported from Commerce and Labor (21-Y 0-N)
2008-01-22		House: Referred to Committee on Commerce and Labor
2008-01-22		House: Referred from General Laws by voice vote
2008-01-17		House: Assigned GL sub: Housing
2007-12-17		House: Referred to Committee on General Laws
2007-12-17		House: Prefiled and ordered printed; offered 01/09/08 084493780

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB116