Virginia House Bill 1458 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on March 16 2011 - 100% progression
Action: 2011-03-16 - Governor: Acts of Assembly Chapter text (CHAP0194)
Text: Latest bill text (Chaptered) [HTML]

Life insurance; retained asset accounts. Requires insurance companies licensed in the Commonwealth that offer retained asset accounts for death benefits to provide the beneficiary, at the time a claim is made, with written information describing the settlement options available under the policy. If the insurer settles benefits through a retained asset account, the insurer shall provide the beneficiary with a supplemental contract that clearly discloses the rights of the beneficiary and the obligations of the insurer under the supplemental contract. The insurer is also required to make certain disclosures regarding retained asset accounts.

Retained asset accounts; disclosures to beneficiaries.

Del. Ward Armstrong [D]

Del. David Bulova [D]

Del. Robert Marshall [R]

2011-02-17 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2011-02-16 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2011-02-14 - Senate - Senate: Reported from Commerce and Labor (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2011-01-31 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 100 N: 0 NV: 1 Abs: 0) [PASS]
2011-01-25 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-03-16		Governor: Acts of Assembly Chapter text (CHAP0194)
2011-03-16		Governor: Approved by Governor-Chapter 194 (effective 7/1/11)
2011-02-23		Senate: Signed by President
2011-02-23		House: Signed by Speaker
2011-02-23		House: Bill text as passed House and Senate (HB1458ER)
2011-02-23		House: Enrolled
2011-02-17		Senate: Passed Senate (39-Y 0-N)
2011-02-17		Senate: Read third time
2011-02-16		Senate: Constitutional reading dispensed (40-Y 0-N)
2011-02-14		Senate: Reported from Commerce and Labor (14-Y 0-N)
2011-02-01		Senate: Referred to Committee on Commerce and Labor
2011-02-01		Senate: Constitutional reading dispensed
2011-01-31		House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
2011-01-31		House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
2011-01-28		House: Engrossed by House - committee substitute HB1458H1
2011-01-28		House: Committee substitute agreed to 11104413D-H1
2011-01-28		House: Read second time
2011-01-27		House: Read first time
2011-01-25		House: Committee substitute printed 11104413D-H1
2011-01-25		House: Reported from Commerce and Labor with substitute (22-Y 0-N)
2010-11-29		House: Referred to Committee on Commerce and Labor
2010-11-29		House: Prefiled and ordered printed; offered 01/12/11 11100164D

Chapter	Article	Section	Citation Type	Statute Text
38	2	3117.1	(n/a)	See Bill Text
38	2	3117.6	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+HB1458
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB1458+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB1458H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB1458ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+CHAP0194+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+H14V0044+HB1458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+HV0298+HB1458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S02V0105+HB1458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0446HB1458+HB1458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0488HB1458+HB1458