HB 44 Virginia House of Delegates · 2022 Regular Session

Life insurance; decreases the minimum nonforfeiture amount interest rate.

Summary

Standard nonforfeiture provisions for life insurance; minimum nonforfeiture amounts; interest rates. Decreases theminimum nonforfeiture amount interest rate from one percent to 0.15percent.

Bill status signed all 5 stages cleared

Introduction

Dec 2021

Committee Review

Feb 2022

House of Delegates Passage

Jan 2022

Senate Passage

Mar 2022

Signed into Law

Apr 2022

Introduced Dec 31, 2021 Signed Apr 7, 2022

Floor votes · Senate Mar 2, 2022 · House of Delegates Jan 24, 2022

How they voted

34–0

Passed

Total votes 34

Mar 2, 2022

D Democratic18

18 Yea

100% Yea

R Republican16

16 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 7, 2022

Signed into law

Approved by Governor-Chapter 176 (effective 7/1/22)

executive

Mar 3, 2022

Upper · Passed

Passed Senate (39-Y 0-N)

upper

Mar 2, 2022

Senate · Passed

Senate Vote: pass (34-0)

senate

Feb 28, 2022

Upper · Passed

Reported from Commerce and Labor (15-Y 0-N)

upper

Jan 25, 2022

Committee

Referred to Committee on Commerce and Labor

upper

Jan 24, 2022

Lower · Passed

Read third time and passed House Block Vote (99-Y 0-N)

lower

Jan 18, 2022

Lower · Passed

Reported from Commerce and Energy (21-Y 0-N)

lower

Dec 31, 2021

Committee

Referred to Committee on Commerce and Energy

lower

Dec 31, 2021

Introduced

Prefiled and ordered printed; offered 01/12/22 22101312D

lower

1 primary · 0 co-sponsors