Bill number does not exist. Enter a vaild keyword.

Legislation


2005 Regular Session

HOUSE BILL 1192

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

Synopsis:

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.

History by Legislative Date

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 )

Documents:

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)
Click to return on the top page