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