SB 1219

Abstract

Bureau of Insurance; paid family leave; report. Directs the State Corporation Commission's Bureau of Insurance (the Bureau) to review and make recommendations, including any necessary statutory and regulatory changes, to authorize the State Corporation Commission to approve the sale of individual and group paid family leave plans in Virginia. The bill requires the Bureau to also identify options and make recommendations for encouraging or incentivizing employers to voluntarily offer up to 12 weeks of paid family leave. The bill requires the Bureau to convene a stakeholder group to participate in the process, which is required to include representatives from the insurance industry and the business community, advocates for paid family leave, and other interested parties. The bill requires the Bureau to report its findings and recommendations to the Senate Committees on Commerce and Labor and Finance and Appropriations and the House Committees on Labor and Commerce and Appropriations by November 30, 2021.

Bureau of Insurance; paid family leave; report.Directs the State Corporation Commission's Bureau of Insurance (theBureau) to review and make recommendations, including any necessarystatutory and regulatory changes, to authorize the State CorporationCommission to approve the sale of individual and group paid familyleave plans in Virginia. The bill requires the Bureau to also identifyoptions and make recommendations for encouraging or incentivizingemployers to voluntarily offer 12 weeks of paid family leave. Thebill requires the Bureau to convene a stakeholder group to participatein the process, which is required to include representatives fromthe insurance industry and the business community, advocates forpaid family leave, and other interested parties. The bill requiresthe Bureau to report its findings and recommendations to the SenateCommittees on Commerce and Labor and Finance and Appropriations andthe House Committees on Labor and Commerce and Appropriations byNovember 30, 2021.