WV HB2126 | 2017 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 8 2017 - 25% progression, died in committee
Action: 2017-02-08 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 8 2017 - 25% progression, died in committee
Action: 2017-02-08 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to clarify that guaranteed asset protection waivers are not insurance; to specify terms and conditions under which guaranteed asset protection waiver contracts may be sold in this state; and to provide an exception for commercial transactions. The bill also authorizes the Insurance Commissioner to impose a civil money penalty for all violations of section.
Title
Guaranteed Asset Protection Waiver Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-08 | House | To House Banking and Insurance |
| 2017-02-08 | House | Introduced in House |
| 2017-02-08 | House | To Banking and Insurance then Judiciary |
| 2017-02-08 | House | Filed for introduction |
Same As/Similar To
HB2440 (Similar To) 2017-02-14 - To House Banking and Insurance
SB496 (Similar To) 2017-03-13 - To House Judiciary
SB496 (Similar To) 2017-03-13 - To House Judiciary
