WV HB2480 | 2019 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 11-0)
Status: Passed on April 11 2019 - 100% progression
Action: 2019-04-11 - Chapter 151, Acts, Regular Session, 2019
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Republican 11-0)
Status: Passed on April 11 2019 - 100% progression
Action: 2019-04-11 - Chapter 151, Acts, Regular Session, 2019
Text: Latest bill text (Enrolled) [HTML]
Summary
The purpose of this bill is to provide authority to a designated state insurance commissioner to act as a group-wide supervisor for an internationally active insurance group. For a holding company group to be considered an internationally active insurance group, it must meet various criteria, including premiums written in at least three countries, at least 10% of premiums written outside the United States, and total assets greater than $50 billion or total premiums greater than $10 billion. The legislation is needed for the State of West Virginia to remain accredited with the National Association of Insurance Commissioners.
Title
Relating to the regulation of an internationally active insurance group
Sponsors
Roll Calls
2019-03-08 - House - House concurred in Senate amendment and passed bill (Roll No. 658) (Y: 97 N: 0 NV: 3 Abs: 0) [PASS]
2019-03-07 - Senate - Passed Senate with amended title (Roll No. 396) (Y: 33 N: 0 NV: 0 Abs: 1) [PASS]
2019-02-01 - House - Passed House (Roll No. 65) (Y: 97 N: 0 NV: 3 Abs: 0) [PASS]
2019-03-07 - Senate - Passed Senate with amended title (Roll No. 396) (Y: 33 N: 0 NV: 0 Abs: 1) [PASS]
2019-02-01 - House - Passed House (Roll No. 65) (Y: 97 N: 0 NV: 3 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2019-04-11 | House | Chapter 151, Acts, Regular Session, 2019 |
2019-03-26 | House | Approved by Governor 3/26/19 |
2019-03-09 | House | Approved by Governor 3/26/19 - House Journal |
2019-03-09 | Senate | Approved by Governor 3/26/19 - Senate Journal |
2019-03-25 | House | To Governor 3/25/19 |
2019-03-09 | House | To Governor 3/25/19 - House Journal |
2019-03-09 | Senate | House Message received |
2019-03-08 | House | Completed legislative action |
2019-03-08 | House | Communicated to Senate |
2019-03-08 | House | House concurred in Senate amendment and passed bill (Roll No. 658) |
2019-03-08 | House | House received Senate message |
2019-03-07 | Senate | Senate requests House to concur |
2019-03-07 | Senate | Passed Senate with amended title (Roll No. 396) |
2019-03-07 | Senate | Read 3rd time |
2019-03-07 | Senate | On 3rd reading |
2019-03-06 | Senate | Read 2nd time |
2019-03-06 | Senate | On 2nd reading |
2019-03-05 | Senate | Read 1st time |
2019-03-05 | Senate | On 1st reading |
2019-03-04 | Senate | Reported do pass, with title amendment |
2019-02-04 | Senate | To Banking and Insurance |
2019-02-04 | Senate | To Banking and Insurance |
2019-02-04 | Senate | Introduced in Senate |
2019-02-04 | Senate | House Message received |
2019-02-01 | House | Communicated to Senate |
2019-02-01 | House | Passed House (Roll No. 65) |
2019-02-01 | House | Read 3rd time |
2019-02-01 | House | On 3rd reading, Special Calendar |
2019-01-31 | House | Read 2nd time |
2019-01-31 | House | On 2nd reading, Special Calendar |
2019-01-30 | House | Read 1st time |
2019-01-30 | House | On 1st reading, Special Calendar |
2019-01-29 | House | Do pass |
2019-01-25 | House | To House Judiciary |
2019-01-25 | House | Do pass, but first to Judiciary |
2019-01-17 | House | To House Banking and Insurance |
2019-01-17 | House | Introduced in House |
2019-01-17 | House | To Banking and Insurance then Judiciary |
2019-01-17 | House | Filed for introduction |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
33 | 27 | 2 | Amended Code | Citation Text |
33 | 27 | 6b | New Code | See Bill Text |
33 | 27 | 7 | Amended Code | Citation Text |