File Code: Insurance - Other than Health
Crossfiled with: SENATE BILL 662
- Sponsored By:
-
Delegates Bromwell,
Boteler, Boutin, Costa, Donoghue, Elliott, Frank, Hammen, Hubbard,
Hurson, Kach, Kullen, McDonough, Murray, Oaks, V. Turner, and
Weldon
- Entitled:
-
Insurance - Individual Deferred Annuities - Minimum Nonforfeiture
Amounts
Providing for the calculation of the minimum nonforfeiture amount
under specified annuity contracts; providing for calculating and
imposing specified conditions on the interest rate used in determining
the minimum nonforfeiture amount under an annuity contract; requiring
an insurer to provide specified information regarding the
redetermination of an interest rate in an annuity contract; providing
for calculating and imposing specified conditions on benefits for
annuity contracts; etc.
House Action
- 2/11
- First Reading Health and Government Operations
- 2/16
- Hearing 3/1 at 1:00 p.m.
- 3/22
- Favorable with Amendments Report by Health and Government Operations
- 3/21
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/23
- Third Reading Passed (134-0)
- 4/2
- Returned Passed
Senate Action
- 3/24
- First Reading Finance
- 3/28
- Hearing 4/1 at 1:00 p.m.
- 4/4
- Favorable Report by Finance
- 4/3
- Favorable Report Adopted
- Second Reading Passed
- 4/4
- Third Reading Passed (46-0)
Action after passage in House and Senate
- 5/26
- Governor vetoed - Cross-filed bill was signed
Sponsored by:
- Delegate Eric M. Bromwell, District 8
- Delegate Joseph C. Boteler, III, District 8
- Delegate Charles R. Boutin, District 34A
- Delegate Robert A. Costa, District 33B
- Delegate John P. Donoghue, District 2C
- Delegate Donald B. Elliott, District 4B
- Delegate William J. Frank, District 42
- Delegate Peter A. Hammen, District 46
- Delegate James W. Hubbard, District 23A
- Delegate John Adams Hurson, District 18
- Delegate Wade Kach, District 5B
- Delegate Sue Kullen, District 27B
- Delegate Pat McDonough, District 7
- Delegate Gareth E. Murray, District 20
- Delegate Nathaniel T. Oaks, District 41
- Delegate Veronica Turner, District 26
- Delegate Richard B. Weldon, Jr., District 3B
Bill indexed under the following Subjects:
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- DISCLOSURE
- INSURANCE ADMINISTRATION
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- INTEREST
- RULES AND REGULATIONS
- SUNSET
Bill affects the following Statutes:
- Insurance
- (
16-503 ,
16-504 ,
16-504 ,
16-510
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments (Displayed in WordPerfect 8 Format):
House
- Number: 206789/01 (PDF) Offered on: March 22, 2005 at:
12:01 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
House
- March 23, 2005: Third Reading Passed (134-0)
Senate
- April 4, 2005: Third Reading Passed (46-0)