SB 383

  • Virginia Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Jan 11, 2022
  • Passed Senate Jan 21, 2022
  • Passed House Mar 04, 2022
  • Signed by Governor Apr 11, 2022

Credit life insurance and credit accident and sickness insurance; adjustment of rates.

Abstract

Credit life insurance and credit accident andsickness insurance; adjustment of rates; requirement for hearing. Removes the requirement that the State Corporation Commission conducta hearing prior to determining the actual loss ratio for each formof insurance and adjusting the prima facie rates. Under the bill,after the Commission has determined the actual loss ratio and primafacie rates, it will provide notice of such ratio and rates and providean opportunity for a hearing.

Bill Sponsors (1)

Votes


Actions


Apr 11, 2022

Office of the Governor

Approved by Governor-Chapter 412 (effective 7/1/22)

Mar 22, 2022

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2022

Senate

Enrolled Bill Communicated to Governor on March 22, 2022

Mar 10, 2022

Senate

Signed by President

Senate

Impact statement from SCC (SB383ER)

Mar 09, 2022

Senate

Enrolled

House

Signed by Speaker

Mar 04, 2022

House

Passed House BLOCK VOTE (99-Y 0-N)

House

VOTE: Block Vote Passage (99-Y 0-N)

House

Read third time

Mar 03, 2022

House

Read second time

Mar 01, 2022

House

Reported from Commerce and Energy (22-Y 0-N)

Feb 22, 2022

House

Referred to Committee on Commerce and Energy

House

Read first time

House

Placed on Calendar

Jan 21, 2022

Senate

Read third time and passed Senate (37-Y 0-N)

Jan 20, 2022

Senate

Read second time and engrossed

Jan 19, 2022

Senate

Constitutional reading dispensed (40-Y 0-N)

Jan 17, 2022

Senate

Reported from Commerce and Labor (15-Y 0-N)

Jan 16, 2022

Senate

Impact statement from SCC (SB383)

Jan 11, 2022

Senate

Referred to Committee on Commerce and Labor

Senate

Prefiled and ordered printed; offered 01/12/22 22101326D

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/12/22 22101326D PDF HTML
SB383ER PDF HTML
CHAP0412 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB383FER171.PDF PDF
Fiscal Impact Statement: SB383F171.PDF PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.