SB 383 Virginia Senate · 2022 Regular Session

Credit life insurance and credit accident and sickness insurance; adjustment of rates.

Summary

Credit life insurance and credit accident andsickness insurance; adjustment of rates; requirement for hearing. Removes the requirement that the State Corporation Commission conducta hearing prior to determining the actual loss ratio for each formof insurance and adjusting the prima facie rates. Under the bill,after the Commission has determined the actual loss ratio and primafacie rates, it will provide notice of such ratio and rates and providean opportunity for a hearing.

Bill status signed all 5 stages cleared

Introduction

Jan 2022

Committee Review

Mar 2022

Senate Passage

Jan 2022

House of Delegates Passage

Mar 2022

Signed into Law

Apr 2022

Introduced Jan 11, 2022 Signed Apr 11, 2022

Floor votes · Senate Jan 21, 2022 · House of Delegates Mar 4, 2022

How they voted

31–0

Passed · 3 other

Total votes 34

Jan 21, 2022

D Democratic18

17 Yea 1

94% Yea

R Republican16

14 Yea 2

87% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 11, 2022

Signed into law

Approved by Governor-Chapter 412 (effective 7/1/22)

executive

Mar 4, 2022

Lower · Passed

Passed House BLOCK VOTE (99-Y 0-N)

lower

Mar 1, 2022

Lower · Passed

Reported from Commerce and Energy (22-Y 0-N)

lower

Feb 22, 2022

Committee

Referred to Committee on Commerce and Energy

lower

Jan 21, 2022

Upper · Passed

Read third time and passed Senate (37-Y 0-N)

upper

Jan 17, 2022

Upper · Passed

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

upper

Jan 11, 2022

Committee

Referred to Committee on Commerce and Labor

upper

Jan 11, 2022

Introduced

Prefiled and ordered printed; offered 01/12/22 22101326D

upper

1 primary · 0 co-sponsors