Virginia House Bill 2195 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2013 - 25% progression, died in chamber
Action: 2013-01-17 - Stricken from docket by Commerce and Labor by voice vote
Text: Latest bill text (Introduced) [HTML]

Insurance holding companies. Revises the requirements applicable to insurance holding companies to conform to the National Association of Insurance Commissioners Insurance Holding Company System Regulatory Act and Insurance Holding Company System Model Regulation. The measure expands insurance regulators' examination authority to include all entities within the insurance holding company system to ascertain the financial condition of the insurer. The State Corporation Commission will be authorized to use supervisory colleges, which will be used by regulators (i) to coordinate supervision of an insurance holding company system that has national and international operations and (ii) to assess the company's business strategy, financial position, legal and regulatory position, risk exposure, risk management, and governance processes. The measure also makes dental and optometric services plans subject to the insurance holding companies provisions. The holding companies requirements in effect on June 30, 2013, will continue to apply to any insurance holding company transaction commenced prior to January 1, 2014, unless otherwise provided.

Insurance holding companies; applicability to certain plans.

Del. Lee Ware [R]

Date	Chamber	Action
2013-01-17	House	Stricken from docket by Commerce and Labor by voice vote
2013-01-10	House	Referred to Committee on Commerce and Labor
2013-01-10	House	Presented and ordered printed 13101061D

Chapter	Article	Section	Citation Type	Statute Text
38	2	1322	(n/a)	See Bill Text
38	2	1327	(n/a)	See Bill Text
38	2	1329	(n/a)	See Bill Text
38	2	1331	(n/a)	See Bill Text
38	2	1332.1	(n/a)	See Bill Text
38	2	1333	(n/a)	See Bill Text
38	2	1334.1	(n/a)	See Bill Text
38	2	1334.3	(n/a)	See Bill Text
38	2	1334.4	(n/a)	See Bill Text
38	2	1334.5	(n/a)	See Bill Text
38	2	4509	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+HB2195
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB2195+hil