SB 637

  • Virginia Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Jan 17, 2022
  • Senate
  • House
  • Governor

Insurers rehabilitation and liquidation; federal home loan bank rights.

Abstract

Insurers rehabilitation and liquidation; federalhome loan bank rights. Expands upon provisions that authorizea court, in instances of insurer rehabilitation and liquidation,to issue a restraining order or injunction to an insurer to preventthe transaction of future business or other business activities.The bill further creates provisions relating to federal home loanbank rights and insurer-members of federal home loan banks relatedto the transfer of assets, delinquency proceedings, and requirementsfor federal home loan banks upon appointing a receiver for an insurer-member.

Bill Sponsors (1)

Votes


Actions


Jan 31, 2022

Senate

Impact statement from SCC (SB637)

Senate

Stricken at request of Patron in Commerce and Labor (15-Y 0-N)

Jan 17, 2022

Senate

Presented and ordered printed 22104341D

Senate

Referred to Committee on Commerce and Labor

Bill Text

Bill Text Versions Format
Presented and ordered printed 22104341D PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB637F171.PDF PDF

Sources

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