VA HB1486 | 2018 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 30 2018 - 100% progression
Action: 2018-03-30 - Governor: Acts of Assembly Chapter text (CHAP0706)
Text: Latest bill text (Chaptered) [HTML]

Summary

Virginia Life, Accident and Sickness Insurance Guaranty Association. Amends the methodology for allocating assessments for long-term care insurance written by an impaired or insolvent insurer. The measure requires that 50 percent of such assessments be allocated to health insurers and 50 percent to life insurers. The measure provides that health maintenance organizations (HMOs) will participate in the Guaranty Association. Provisions that established an alternative method to address insolvencies of HMOs are repealed. The measure also updates terminology and makes conforming amendments based on proposed changes to the National Association of Insurance Commissioners' Life and Health Insurance Guaranty Association model act.

Tracking Information

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Title

Va. Life, Accident & Sickness Insurance Guaranty Assoc.; assessments for long-term care insurance.

Sponsors


Roll Calls

2018-03-01 - Senate - Senate: Passed Senate (36-Y 4-N) (Y: 36 N: 4 NV: 0 Abs: 0) [PASS]
2018-02-28 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-26 - Senate - Senate: Reported from Commerce and Labor (13-Y 1-N 1-A) (Y: 13 N: 1 NV: 0 Abs: 1) [PASS]
2018-02-13 - House - House: VOTE: PASSAGE (73-Y 24-N) (Y: 73 N: 24 NV: 3 Abs: 0) [PASS]
2018-02-08 - House - House: Reported from Commerce and Labor with substitute (12-Y 8-N) (Y: 12 N: 8 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2018-03-30 Governor: Acts of Assembly Chapter text (CHAP0706)
2018-03-30 Governor: Approved by Governor-Chapter 706 (effective 7/1/18)
2018-03-14 Governor: Governor's Action Deadline Midnight, April 9, 2018
2018-03-14HouseEnrolled Bill communicated to Governor on March 14, 2018
2018-03-08SenateSigned by President
2018-03-05HouseSigned by Speaker
2018-03-05HouseBill text as passed House and Senate (HB1486ER)
2018-03-05HouseEnrolled
2018-03-01SenatePassed Senate (36-Y 4-N)
2018-03-01SenateRead third time
2018-02-28SenateConstitutional reading dispensed (40-Y 0-N)
2018-02-26SenateReported from Commerce and Labor (13-Y 1-N 1-A)
2018-02-14SenateReferred to Committee on Commerce and Labor
2018-02-14SenateConstitutional reading dispensed
2018-02-13HouseVOTE: PASSAGE (73-Y 24-N)
2018-02-13HouseRead third time and passed House (73-Y 24-N)
2018-02-12HouseEngrossed by House - committee substitute HB1486H1
2018-02-12HouseCommittee substitute agreed to 18106602D-H1
2018-02-12HouseRead second time
2018-02-10HouseRead first time
2018-02-08HouseCommittee substitute printed 18106602D-H1
2018-02-08HouseReported from Commerce and Labor with substitute (12-Y 8-N)
2018-01-18HouseReferred to Committee on Commerce and Labor
2018-01-18HousePresented and ordered printed 18104701D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3821700(n/a)See Bill Text
3821705(n/a)See Bill Text
3821707(n/a)See Bill Text
3821710(n/a)See Bill Text
3821715(n/a)See Bill Text

Virginia State Sources


Bill Comments

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