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SB246

Insurance agents; licensing requirements.

Status:
Enacted

Chief Patron:
Rosalyn Dance (D)

Session:
2018 Regular Session

Summary

As Introduced. Insurance agents; licensing requirements.

Removes prospectively the exemption from examination requirements for individuals who have been awarded the Chartered Property and Casualty Underwriter and Chartered Life Underwriter designations. Insurance agent licenses that were granted to individuals who qualified for the designation exemptions will remain valid unless and until their licenses are otherwise terminated. The measure also (i) requires licensed resident public adjuster entities to meet the same bonding requirements as resident public adjusters, nonresident public adjusters, and nonresident public adjuster entities and (ii) adds manager, member, or partner to those individuals or entities that may be considered a designated licensed producer for an agency. (Less)

  • Bill History

  • 01/05/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18101279D
  • 01/05/2018 - Senate: Referred to Committee on Commerce and Labor
  • 01/22/2018 - Senate: Impact statement from SCC (SB246)
  • 01/22/2018 - Senate: Reported from Commerce and Labor (14-Y 0-N 1-A)
  • 01/24/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 01/25/2018 - Senate: Read second time and engrossed
  • 01/26/2018 - Senate: Read third time and passed Senate (36-Y 1-N 2-A)
  • 01/31/2018 - House: Placed on Calendar
  • 01/31/2018 - House: Read first time
  • 01/31/2018 - House: Referred to Committee on Commerce and Labor
  • 02/15/2018 - House: Reported from Commerce and Labor (22-Y 0-N)
  • 02/19/2018 - House: Read second time
  • 02/20/2018 - House: Read third time
  • 02/20/2018 - House: Passed House BLOCK VOTE (100-Y 0-N)
  • 02/20/2018 - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
  • 02/22/2018 - Senate: Enrolled
  • 02/22/2018 - Senate: Bill text as passed Senate and House (SB246ER)
  • 02/22/2018 - House: Signed by Speaker
  • 02/23/2018 - Senate: Impact statement from SCC (SB246ER)
  • 02/23/2018 - Senate: Signed by President
  • 02/26/2018 - Senate: Enrolled Bill Communicated to Governor on February 26, 2018
  • 02/26/2018 - Governor: Governor's Action Deadline Midnight, March 5, 2018
  • 03/02/2018 - Governor: Approved by Governor-Chapter 131 (effective - 7/1/2018)
  • 03/02/2018 - Governor: Acts of Assembly Chapter text (CHAP0131)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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