Virginia House Bill 304 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on February 29 2016 - 100% progression
Action: 2016-02-29 - Governor: Acts of Assembly Chapter text (CHAP0055)
Text: Latest bill text (Chaptered) [HTML]

Home service contract providers. Authorizes the State Corporation Commission (SCC) to deny an initial license application for a home service contract provider based on its review of the financial statements and any reports, certificates, or other documents filed with the SCC. The measure also changes the license renewal cycle for home service contract providers from a biennial process to an annual process beginning July 1, 2017, and revises the application fee from $1,000 biennially to $500 annually. Other provisions (i) clarify that the Virginia reserve requirement for such companies is determined by taking the gross consideration received for all home service contracts, less the claims paid, and then multiplying the remainder by 40 percent; (ii) replace a reference to "premiums" with "provider fees" because home service contracts are not insurance; and (iii) amend the provision dealing with filing of audited financial statements to allow for statements prepared in accordance with generally accepted accounting principles. The bill has an emergency clause.

Home service contract providers; SCC authorized to deny an initial application based on its review.

Del. Terry Kilgore [R]

2016-02-19 - House - House: VOTE: ADOPTION (98-Y 0-N) (Y: 101 N: 0 NV: 2 Abs: 0) [PASS]
2016-02-17 - Senate - Senate: Passed Senate with amendment (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-16 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2016-02-15 - Senate - Senate: Reported from Commerce and Labor with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-10 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 102 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-04 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-02-29		Governor: Acts of Assembly Chapter text (CHAP0055)
2016-02-29		Governor: Approved by Governor-Chapter 55 (effective 2/29/16)
2016-02-22		Governor: Governor's Action Deadline Midnight, February 29, 2016
2016-02-22	House	Enrolled Bill communicated to Governor on 2/22/16
2016-02-22	Senate	Signed by President
2016-02-22	House	Signed by Speaker
2016-02-22	House	Bill text as passed House and Senate (HB304ER)
2016-02-22	House	Enrolled
2016-02-19	House	VOTE: ADOPTION (98-Y 0-N)
2016-02-19	House	Senate amendment agreed to by House (98-Y 0-N)
2016-02-18	House	Placed on Calendar
2016-02-17	Senate	Passed Senate with amendment (40-Y 0-N)
2016-02-17	Senate	Engrossed by Senate as amended
2016-02-17	Senate	Emergency clause added
2016-02-17	Senate	Committee amendment agreed to
2016-02-17	Senate	Reading of amendment waived
2016-02-17	Senate	Read third time
2016-02-16	Senate	Constitutional reading dispensed (38-Y 0-N)
2016-02-15	Senate	Reported from Commerce and Labor with amendment (15-Y 0-N)
2016-02-11	Senate	Referred to Committee on Commerce and Labor
2016-02-11	Senate	Constitutional reading dispensed
2016-02-10	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2016-02-10	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2016-02-09	House	Engrossed by House - committee substitute HB304H1
2016-02-09	House	Committee substitute agreed to 16105224D-H1
2016-02-09	House	Read second time
2016-02-08	House	Read first time
2016-02-04	House	Committee substitute printed 16105224D-H1
2016-02-04	House	Reported from Commerce and Labor with substitute (22-Y 0-N)
2016-01-04	House	Referred to Committee on Commerce and Labor
2016-01-04	House	Prefiled and ordered printed; offered 01/13/16 16101552D

Chapter	Article	Section	Citation Type	Statute Text
38	2	2619	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB304
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB304+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB304H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB304ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0055+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H14V0047+HB0304
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV0389+HB0304
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S02V0063+HB0304
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0452HB0304+HB0304
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0495HB0304+HB0304
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV0732+HB0304