Virginia Senate Bill 748 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on February 26 2015 - 100% progression
Action: 2015-02-26 - Governor: Acts of Assembly Chapter text (CHAP0014)
Text: Latest bill text (Chaptered) [HTML]

Insurance plans; hypothecation of assets. Applies provisions regulating the hypothecation of assets that currently apply to most insurers to health services plans, health maintenance organizations, and insurers offering dental or optometric services plans. The measure requires insurers to maintain a certain amount of free and unencumbered admitted assets and to report to the State Corporation Commission certain information regarding transactions encumbering assets. The measure also (i) removes inapplicable references to separate account requirements from the "sweep-in" provisions for health services plans and dental or optometric services plans and (ii) removes a moot reference to the licensing of agents from the "sweep-in" provision for legal services plans.

Insurance plans; provisions regulating hypothecation of assets.

Sen. John Watkins [R]

2015-02-12 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 1 Abs: 0) [PASS]
2015-02-10 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2015-01-23 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2015-01-21 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2015-01-19 - Senate - Senate: Reported from Commerce and Labor (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2015-02-26		Governor: Acts of Assembly Chapter text (CHAP0014)
2015-02-26		Governor: Approved by Governor-Chapter 14 (effective 7/1/15)
2015-02-20		Governor: Governor's Action Deadline Midnight, Friday, February 27, 2015
2015-02-20	Senate	Enrolled Bill Communicated to Governor on 2/20/15
2015-02-19	Senate	Signed by President
2015-02-16	House	Signed by Speaker
2015-02-16	Senate	Bill text as passed Senate and House (SB748ER)
2015-02-16	Senate	Enrolled
2015-02-12	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2015-02-12	House	Passed House BLOCK VOTE (99-Y 0-N)
2015-02-12	House	Read third time
2015-02-11	House	Read second time
2015-02-10	House	Reported from Commerce and Labor (22-Y 0-N)
2015-01-30	House	Referred to Committee on Commerce and Labor
2015-01-30	House	Read first time
2015-01-30	House	Placed on Calendar
2015-01-23	Senate	Read third time and passed Senate (40-Y 0-N)
2015-01-22	Senate	Read second time and engrossed
2015-01-21	Senate	Constitutional reading dispensed (38-Y 0-N)
2015-01-19	Senate	Reported from Commerce and Labor (13-Y 0-N)
2014-12-18	Senate	Referred to Committee on Commerce and Labor
2014-12-18	Senate	Prefiled and ordered printed; offered 01/14/15 15101313D

Chapter	Article	Section	Citation Type	Statute Text
38	2	4214	(n/a)	See Bill Text
38	2	4319	(n/a)	See Bill Text
38	2	4408	(n/a)	See Bill Text
38	2	4509	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+SB748
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB748+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB748ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+CHAP0014+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+S02V0011+SB0748
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+SV0062SB0748+SB0748
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+SV0077SB0748+SB0748
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+H14V0109+SB0748
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+HV2228+SB0748