2007 Regular Session

HOUSE BILL 248

CHAPTER NUMBER: 23
File Code: Insurance - Other than Health Crossfiled with: SENATE BILL 236
Sponsored By:
Delegates Bromwell, Benson, Costa, Donoghue, Hubbard, and Kach
Entitled:
Life Insurance - Investment Accounts

Synopsis:

Expanding the scope of provisions of law that authorize a life insurer to allocate to one or more separate investment accounts specified amounts paid to the life insurer, by repealing the requirement that the accounts must be established or operated for the funding of specified qualified plans; etc.

History by Legislative and Calendar Date

House Action
1/29
First Reading Health and Government Operations
1/31
Hearing 2/8 at 1:00 p.m.
2/20
Favorable Report by Health and Government Operations
2/21
Favorable Report Adopted
Second Reading Passed
2/23
Third Reading Passed (134-0)
3/28
Returned Passed
Senate Action
2/26
First Reading Finance
3/20
Hearing 3/27 at 1:00 p.m.
3/29
Favorable Report by Finance
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (45-0)
Action after passage in House and Senate
4/10
Approved by the Governor
- Chapter 23

Sponsored by:

Delegate Eric M. Bromwell, District 8
Delegate Joanne C. Benson, District 24
Delegate Robert A. Costa, District 33B
Delegate John P. Donoghue, District 2C
Delegate James W. Hubbard, District 23A
Delegate Wade Kach, District 5

Bill indexed under the following Subjects:

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Investments -see also- Securities

Bill affects the following Statutes:

Insurance
( 5-512 , 16-113 , 16-602 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
February 23, 2007: Third Reading Passed (134-0)
Senate
March 28, 2007: Third Reading Passed (45-0)