Virginia House Bill 28 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 18 2009 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Credit default insurance. Establishes requirements for the conduct within the Commonwealth of the business of credit default insurance. The measure prohibits "naked" credit default swaps and establishes a regulatory framework for "covered swaps" and the credit default insurance market. The measure is based on model legislation adopted by the National Conference of Insurance Legislators. Elements include requirements regarding company licensing; contingency, loss, and unearned premium reserves; policy forms and rates; and reinsurance.

Credit default insurance; definition.

Del. Robert Marshall [R]

2010-02-04 - House - House: Subcommittee recommends passing by indefinitely (11-Y 0-N) (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2010-02-16		House: Left in Commerce and Labor
2010-02-04		House: Subcommittee recommends passing by indefinitely (11-Y 0-N)
2010-01-19		House: Assigned C & L sub: #2
2009-12-18		House: Referred to Committee on Commerce and Labor
2009-12-18		House: Prefiled and ordered printed; offered 01/13/10 10100494D

Chapter	Article	Section	Citation Type	Statute Text
38	2	6400	(n/a)	See Bill Text
38	2	6409	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB28
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB28+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+H1402V0005+HB0028