HB 1661

  • Virginia House Bill
  • 2019 Regular Session
  • Introduced in House Dec 03, 2018
  • Passed House Feb 05, 2019
  • Senate
  • Governor

Benefits consortium; formation by a sponsoring association as a nonprofit agricultural organization.

Abstract

Authorizes a trust, as a benefits consortium, to sell health benefits plans to members of a sponsoring association, which is a nonstock corporation that operates as a nonprofit agricultural organization and is created primarily to promote programs for the development of rural communities and the economic stability and sustainability of farmers in the Commonwealth. The bill provides that the trust is subject to the federal Employee Retirement Income Security Act of 1974 and U.S. Department of Labor regulations applicable to multiple employer welfare arrangements and to the authority of the U.S. Department of Labor to enforce such law and regulations. The bill requires the trust to operate as a nonprofit voluntary employee beneficiary association. The bill (i) prohibits a self-funded multiple employer welfare arrangement (MEWA) from issuing health benefit plans in the Commonwealth until it has obtained a license from the State Corporation Commission; (ii) provides that health benefit plans issued by a self-funded MEWA shall be subject to taxes and maintenance assessments levied upon insurance companies; (iii) provides that health benefit plans issued by a self-funded MEWA are subject to protections of and other provisions of the Virginia Life, Accident and Sickness Insurance Guaranty Association; (iv) makes domestic self-funded MEWAs subject to all financial and solvency requirements imposed by provisions of Title 38.2 on domestic insurers unless domestic self-funded MEWAs are otherwise specifically exempted; and (v) provides that health benefit plans issued by a self-funded MEWA shall be exempt from all statutory requirements relating to insurance premium rates, policy forms, and policy cancellation and nonrenewal. The bill provides that the sponsoring association shall not, by virtue of its sponsorship of the benefits consortium or any benefits plan, be subject to the insurance laws of the Commonwealth or the tax levied on insurance companies pursuant to ยง 58.1-2501.

Bill Sponsors (1)

Votes


Actions


May 02, 2019

Office of the Governor

Vetoed by Governor

Apr 03, 2019

House

Placed on Calendar

House

Communicated to Governor

Office of the Governor

Governor's Action Deadline Midnight, May 3, 2019

House

House rejected Governor's recommendation (36-Y 62-N)

Mar 26, 2019

House

Governor's recommendation received by House

House

Governor's substitute printed 19107828D-H2

Mar 04, 2019

Office of the Governor

Governor's Action Deadline Midnight, March 26, 2019

House

Enrolled Bill communicated to Governor on March 4, 2019

Feb 22, 2019

House

Enrolled

Senate

Signed by President

House

Signed by Speaker

Feb 19, 2019

House

Senate substitute agreed to by House 19106634D-S1 (58-Y 41-N)

House

Placed on Calendar

Feb 15, 2019

Senate

Engrossed by Senate - committee substitute HB1661S1

Senate

Read third time

Senate

Reading of substitute waived

Senate

Committee substitute agreed to 19106634D-S1

Feb 11, 2019

Senate

Rereferred to Finance

Feb 06, 2019

Senate

Referred to Committee on Commerce and Labor

Senate

Constitutional reading dispensed

Feb 05, 2019

House

Read third time and passed House (57-Y 41-N 1-A)

Feb 04, 2019

House

Read second time

House

Engrossed by House - committee substitute HB1661H1

House

Committee substitute agreed to 19106118D-H1

Feb 03, 2019

House

Read first time

Jan 10, 2019

House

Assigned C & L sub: Subcommittee #1

Dec 03, 2018

House

Referred to Committee on Commerce and Labor

House

Prefiled and ordered printed; offered 01/09/19 19100141D

Bill Text

Bill Text Versions Format
House subcommittee amendments and substitutes adopted HTML
House: Prefiled and ordered printed; offered 01/09/19 19100141D HTML
House: Committee substitute printed 19106118D-H1 HTML
Senate: Committee substitute printed 19106634D-S1 HTML
House: Bill text as passed House and Senate (HB1661ER) HTML
House: Governor's substitute printed 19107828D-H2 HTML

Related Documents

Document Format
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Sources

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