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Insurance agents; appointments and terminations. Amends the process for the appointment of insurance agents and agencies by insurers as administered by the Bureau of Insurance of the State Corporation Commission. The bill also revises certain requirements of an insurer or authorized representative that terminates an appointment of an agent that is found to have engaged in conduct prohibited by existing law.
Introduced
Jan 6, 2025
Last Action
Mar 24, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0481)
Approved by Governor-Chapter 481 (Effective 07/01/25)
Fiscal Impact Statement from State Corporation Commission (HB1778)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 11, 2025
Signed by President
Bill text as passed House and Senate (HB1778ER)
Signed by Speaker
Enrolled
Passed Senate (36-Y 3-N 1-A)
Read third time
Rules suspended
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
Passed by for the day
Reported from Commerce and Labor (10-Y 3-N 1-A)
Referred to Committee on Commerce and Labor
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (96-Y 0-N)
Passed House (97-Y 0-N 0-A)
Reconsideration of passage agreed to by House
Read second time and engrossed
Read first time
Reported from Labor and Commerce (22-Y 0-N)
Subcommittee recommends reporting (7-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (HB1778)
Assigned L & C sub: Subcommittee #1
Referred to Committee on Labor and Commerce
Prefiled and ordered printed; Offered 01-08-2025 25102812D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0481)
Richard C. "Rip" Sullivan, Jr.