1997 Regular Session

HOUSE BILL 663

CHAPTER NUMBER: 682 File Code: Insurance - Liability and Miscellaneous Prior Year Introduction As: HB 1429/96 - ECM
Sponsored By:
Delegates Kirk, Harrison, Donoghue, Frank, Exum, Love, Watson, Busch, Walkup, Goldwater, Marriott, Boston, Gordon, V. Mitchell, C. Mitchell, Krysiak, Barve, and Fulton
Entitled:
Property and Casualty Insurance Guaranty Corporation - Obligations

Synopsis:

Excluding from the definition of "covered claim" claims by insureds with a net worth exceeding $50,000,000; providing that any obligation of the Property and Casualty Insurance Guaranty Corporation to defend an insured ceases on payment of a specified amount; providing that any obligation of the Corporation ceases when $10,000,000 has been paid by the Corporation and other entities on claims arising under policies of one insolvent insurer; etc.

Legislative History

House Action
1/30
First Reading Economic Matters
Hearing 2/4 at 1:00 p.m.
2/11
Favorable Report by Economic Matters
2/12
Favorable Report Adopted
Second Reading Passed
2/14
Third Reading Passed (136-0)
3/28
Returned Passed
5/22
Signed by the Governor Chapter 682
Senate Action
2/17
First Reading Finance
3/5
Hearing 3/18 at 1:00 p.m.
3/12
Hearing cancelled
Hearing 3/14 at 1:00 p.m.
3/25
Favorable Report by Finance
3/27
Favorable Report Adopted
Second Reading Passed
3/31
Third Reading Passed (46-0)
Sponsored by:
Delegate Ruth M. Kirk, District 44
Delegate Kumar P. Barve, District 17
Delegate Frank D. Boston, Jr., District 41
Delegate Michael Erin Busch, District 30
Delegate John P. Donoghue, District 2C
Delegate Nathaniel Exum, District 24
Delegate Robert L. Frank, District 11
Delegate Tony Edward Fulton, District 40
Delegate Marilyn R. Goldwater, District 16
Delegate Michael R. Gordon, District 17
Delegate Hattie N. Harrison, District 45
Delegate Carolyn J. Krysiak, District 46
Delegate Mary Ann E. Love, District 32
Delegate Salima Siler Marriott, District 40
Delegate Clarence M. Mitchell, IV, District 44
Delegate Van T. Mitchell, District 28
Delegate Mary Roe Walkup, District 36
Delegate Carmena F. Watson, District 44
Bill indexed under the following Subject:
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
Bill affects the following Statutes:
Insurance
( 9-301 , 9-310.1 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)