VA HB324 | 2016 | Regular Session

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on March 7 2016 - 100% progression
Action: 2016-03-07 - Governor: Acts of Assembly Chapter text (CHAP0277)
Text: Latest bill text (Chaptered) [HTML]

Summary

Insurance rates; authority to limit decreases. Authorizes an insurer to file rate or supplementary rate information for its renewal polices that permits the insurer to limit any rate decrease that would otherwise be applicable to the policies, provided that the insurer is also limiting any rate increase that would otherwise be applicable. The provision does not apply to workers' compensation or employers' liability insurance. The bill has a delayed effective date of September 1, 2016.

Tracking Information

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Title

Insurance rates; authority of an insurer to limit decreases.

Sponsors


Roll Calls

2016-02-25 - Senate - Senate: Passed Senate (37-Y 0-N 3-A) (Y: 37 N: 0 NV: 0 Abs: 3) [PASS]
2016-02-24 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-22 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-27 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 102 N: 0 NV: 1 Abs: 0) [PASS]
2016-01-21 - House - House: Reported from Commerce and Labor with substitute (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]

History

DateChamberAction
2016-03-07 Governor: Acts of Assembly Chapter text (CHAP0277)
2016-03-07 Governor: Approved by Governor-Chapter 277 (effective 9/1/16)
2016-03-04 Governor: Governor's Action Deadline Midnight, March 11, 2016
2016-03-04HouseEnrolled Bill communicated to Governor on 3/4/16
2016-03-03SenateSigned by President
2016-02-29HouseSigned by Speaker
2016-02-29HouseBill text as passed House and Senate (HB324ER)
2016-02-29HouseEnrolled
2016-02-25SenatePassed Senate (37-Y 0-N 3-A)
2016-02-25SenateRead third time
2016-02-24SenateConstitutional reading dispensed (39-Y 0-N)
2016-02-22SenateReported from Commerce and Labor (15-Y 0-N)
2016-01-28SenateReferred to Committee on Commerce and Labor
2016-01-28SenateConstitutional reading dispensed
2016-01-27HouseVOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2016-01-27HouseRead third time and passed House BLOCK VOTE (99-Y 0-N)
2016-01-26HouseEngrossed by House - committee substitute HB324H1
2016-01-26HouseCommittee substitute agreed to 16104520D-H1
2016-01-26HouseRead second time
2016-01-25HouseRead first time
2016-01-21HouseCommittee substitute printed 16104520D-H1
2016-01-21HouseReported from Commerce and Labor with substitute (21-Y 0-N)
2016-01-05HouseReferred to Committee on Commerce and Labor
2016-01-05HousePrefiled and ordered printed; offered 01/13/16 16103122D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3821906(n/a)See Bill Text

Virginia State Sources


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