VA SB817 | 2018 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 12 2018 - 25% progression, died in chamber
Action: 2018-02-05 - Stricken at request of Patron in Commerce and Labor (14-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Summary

Life insurance on minors; limits. Prohibits an insurer from issuing in Virginia a policy of life insurance upon the life of an individual under the age of five years. The bill also caps the amount of life insurance that may be issued on the life of a minor who is at least five years of age but under the age of 15 years at $50,000. The measure does not prohibit a domestic insurer from issuing for delivery, in another state or foreign country, a life insurance policy that is governed by the laws of such state or country for any amount not prohibited by the laws of the other state or country.

Tracking Information

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Title

Life insurance; prohibits an insurer form issuing a policy for an individual under 5 years of age.

Sponsors


Roll Calls

2018-02-05 - Senate - Senate: Stricken at request of Patron in Commerce and Labor (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2018-02-05SenateStricken at request of Patron in Commerce and Labor (14-Y 0-N)
2018-01-12SenateReferred to Committee on Commerce and Labor
2018-01-12SenatePresented and ordered printed 18100033D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
382302(n/a)See Bill Text
3823105.1(n/a)See Bill Text

Virginia State Sources


Bill Comments

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