Virginia House Bill 1471 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 13 2017 - 100% progression
Action: 2017-03-13 - Governor: Acts of Assembly Chapter text (CHAP0477)
Text: Latest bill text (Chaptered) [HTML]

Reinsurance credits. Authorizes the State Corporation Commission to adopt regulations specifying additional requirements relating to or setting forth the valuation of assets or reserve credits, the amount and forms of security supporting certain reinsurance arrangements, and the circumstances pursuant to which credit will be reduced or eliminated. The measure adopts revisions to the Credit for Reinsurance Model Law adopted by the National Association of Insurance Commissioners. The revisions adjust the reinsurance collateral requirements for certified reinsurers.

Reinsurance credits; SCC authorized to adopt certain regulations.

Del. Lee Ware [R]

2017-02-16 - Senate - Senate: Passed Senate (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2017-02-15 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2017-02-13 - Senate - Senate: Reported from Commerce and Labor (13-Y 1-N) (Y: 13 N: 1 NV: 0 Abs: 0) [PASS]
2017-01-19 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 0) [PASS]
2017-01-12 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-03-13		Governor: Acts of Assembly Chapter text (CHAP0477)
2017-03-13		Governor: Approved by Governor-Chapter 477 (effective 7/1/17)
2017-02-21		Governor: Governor's Action Deadline Midnight, March 27, 2017
2017-02-21	House	Enrolled Bill communicated to Governor on 2/21/17
2017-02-21	Senate	Signed by President
2017-02-20	House	Signed by Speaker
2017-02-20	House	Bill text as passed House and Senate (HB1471ER)
2017-02-20	House	Enrolled
2017-02-16	Senate	Passed Senate (39-Y 1-N)
2017-02-16	Senate	Read third time
2017-02-15	Senate	Constitutional reading dispensed (40-Y 0-N)
2017-02-13	Senate	Reported from Commerce and Labor (13-Y 1-N)
2017-01-20	Senate	Referred to Committee on Commerce and Labor
2017-01-20	Senate	Constitutional reading dispensed
2017-01-19	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2017-01-19	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2017-01-18	House	Read second time and engrossed
2017-01-17	House	Passed by for the day
2017-01-16	House	Read first time
2017-01-12	House	Reported from Commerce and Labor (22-Y 0-N)
2016-12-12	House	Referred to Committee on Commerce and Labor
2016-12-12	House	Prefiled and ordered printed; offered 01/11/17 17101533D

Chapter	Article	Section	Citation Type	Statute Text
38	2	1316.1	(n/a)	See Bill Text
38	2	1316.2	(n/a)	See Bill Text
38	2	1316.4	(n/a)	See Bill Text
38	2	1316.7	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1471
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1471+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1471ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0477+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H14V0027+HB1471
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+HV1486+HB1471
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S02V0078+HB1471
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV0554HB1471+HB1471
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV0609HB1471+HB1471