Virginia Senate Bill 120 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 7 2012 - 100% progression
Action: 2012-03-07 - Governor: Acts of Assembly Chapter text (CHAP0156)
Text: Latest bill text (Chaptered) [HTML]

Risk-Based Capital Act. Applies the Risk-Based Capital Act, which provides a way of measuring the minimum amount of capital appropriate for an insurer based on its size and risk profile, to fraternal benefit societies. Other provisions make trend test requirements consistent among life and health, property and casualty, and health organizations. The life and health insurers' trend test is increased from 2.5 to 3.0 to be consistent with the trend tests for property and casualty and health insurers. A trend test is added for health organizations.

Risk-Based Capital Act; way to measure minimum capital appropriate for insurer based on size & risk.

Sen. Yvonne Miller [D]

2012-02-21 - House - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-16 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Bills placed in block (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-18 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-16 - Senate - Senate: Reported from Commerce and Labor (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-03-07		Governor: Acts of Assembly Chapter text (CHAP0156)
2012-03-07		Governor: Approved by Governor-Chapter 156 (effective 7/1/12)
2012-02-23		House: Signed by Speaker
2012-02-23		Senate: Signed by President
2012-02-23		Senate: Bill text as passed Senate and House (SB120ER)
2012-02-23		Senate: Enrolled
2012-02-21		House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
2012-02-21		House: Passed House BLOCK VOTE (100-0Y 0-N)
2012-02-21		House: Read third time
2012-02-20		House: Read second time
2012-02-16		House: Reported from Commerce and Labor (22-Y 0-N)
2012-02-13		House: Referred to Committee on Commerce and Labor
2012-02-13		House: Read first time
2012-02-13		House: Placed on Calendar
2012-01-20		Senate: Passed Senate (39-Y 0-N)
2012-01-20		Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
2012-01-20		Senate: Read third time and passed Senate (38-Y 0-N)
2012-01-20		Senate: Bills placed in block (39-Y 0-N)
2012-01-19		Senate: Read second time and engrossed
2012-01-18		Senate: Constitutional reading dispensed (39-Y 0-N)
2012-01-16		Senate: Reported from Commerce and Labor (16-Y 0-N)
2012-01-10		Senate: Referred to Committee on Commerce and Labor
2012-01-10		Senate: Prefiled and ordered printed; offered 01/11/12 12103247D

Chapter	Article	Section	Citation Type	Statute Text
38	2	4123	(n/a)	See Bill Text
38	2	5500	(n/a)	See Bill Text
38	2	5501	(n/a)	See Bill Text
38	2	5503	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+SB120
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB120+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB120ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0156+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S02V0008+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0035SB0120+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0047SB0120+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0048SB0120+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0049SB0120+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0050SB0120+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H14V0119+SB0120
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV0929+SB0120