VA SB520 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 10 2012 - 100% progression
Action: 2012-04-10 - Governor: Acts of Assembly Chapter text (CHAP0735)
Text: Latest bill text (Chaptered) [HTML]

Summary

Property and casualty insurance; public adjusters. Provides for State Corporation Commission licensing and regulation of public adjusters. Public adjusting means investigating, negotiating, adjusting, or providing advice to an insured in relation to first-party claims arising under insurance contracts that insure the real or personal property of an insured, for the purpose of effecting the settlement of a claim on behalf of the insured. A licensed insurance agent who only provides advice to an insured in relation to first party claims arising under insurance contracts the agent sold, solicited, or negotiated that insure property of an insured is not engaged in public adjusting. A person is prohibited from acting as a public adjuster without first obtaining a license from the Commission. Public adjusters are required to comply with standards of conduct and continuing education requirements. Fees charged by a public adjuster are required to be fair and reasonable in relation to the work performed. The Commission may suspend or revoke licenses under certain conditions. The measure will become effective January 1, 2013.

Tracking Information

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Title

Property and casualty insurance; provides for SCC licensing and regulation of public adjusters.

Sponsors


Roll Calls

2012-02-24 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 100 N: 0 NV: 2 Abs: 0) [PASS]
2012-02-21 - House - House: Reported from Commerce and Labor (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-03 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2012-02-01 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-30 - Senate - Senate: Reported from Commerce and Labor with substitute (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2012-04-10 Governor: Acts of Assembly Chapter text (CHAP0735)
2012-04-10 House: Bill became law, Chapter 735 (effective 1/1/13)
2012-02-29 House: Signed by Speaker
2012-02-29 Senate: Signed by President
2012-02-29 Senate: Bill text as passed Senate and House (SB520ER)
2012-02-29 Senate: Enrolled
2012-02-24 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
2012-02-24 House: Passed House BLOCK VOTE (98-Y 0-N)
2012-02-24 House: Read third time
2012-02-24 House: Passed by temporarily
2012-02-24 House: Read third time
2012-02-23 House: Read second time
2012-02-21 House: Reported from Commerce and Labor (21-Y 0-N)
2012-02-13 House: Referred to Committee on Commerce and Labor
2012-02-13 House: Read first time
2012-02-13 House: Placed on Calendar
2012-02-03 Senate: Read third time and passed Senate (38-Y 0-N)
2012-02-02 Senate: Engrossed by Senate - committee substitute SB520S1
2012-02-02 Senate: Committee substitute agreed to 12104831D-S1
2012-02-02 Senate: Reading of substitute waived
2012-02-02 Senate: Read second time
2012-02-01 Senate: Constitutional reading dispensed (39-Y 0-N)
2012-01-30 Senate: Committee substitute printed 12104831D-S1
2012-01-30 Senate: Reported from Commerce and Labor with substitute (16-Y 0-N)
2012-01-11 Senate: Referred to Committee on Commerce and Labor
2012-01-11 Senate: Prefiled and ordered printed; offered 01/11/12 12103577D

Same As/Similar To

HB872 (Same As) 2012-04-10 - Governor: Acts of Assembly Chapter text (CHAP0734)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
3821824(n/a)See Bill Text
3821845.1(n/a)See Bill Text
3821845.23(n/a)See Bill Text
382812(n/a)See Bill Text
382815(n/a)See Bill Text

Virginia State Sources


Bill Comments

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