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Insurance; contingent deferred annuities; nonforfeiture benefits. Permits the State Corporation Commission to adopt reasonable standards for contingent deferred annuities, as defined in the bill, including nonforfeiture benefits. The bill subjects contingent deferred annuities to certain requirements applicable under current law to other types of insurance contracts.
Introduced
Jan 7, 2026
Last Action
Mar 10, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Enrolled Bill communicated to Governor on March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Signed by President
Signed by Speaker
Bill text as passed Senate and House (SB166ER)
Enrolled
Read third time
Passed House (97-Y 0-N 0-A)
Read second time
Reported from Labor and Commerce (21-Y 0-N)
Subcommittee recommends reporting (9-Y 0-N)
Assigned HCL sub: Subcommittee #1
Referred to Committee on Labor and Commerce
Placed on Calendar
Read first time
Read third time and passed Senate (38-Y 0-N 0-A)
Engrossed by Senate (Voice Vote)
Read second time
Rules suspended
Passed by for the day
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Reported from Commerce and Labor (15-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (SB166)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; Offered 01-14-2026 26101910D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Governor's Action Deadline 11:59 p.m., April 13, 2026
Jeremy S. McPike