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SB166

Insurance; contingent deferred annuities, nonforfeiture benefits.

Status:
In House

Latest Action: Feb. 4, 2026
House: Referred to Committee on Labor and Commerce

Chief Patron:
Jeremy McPike (D)

Session:
2026 Regular Session

Summary

As Introduced. 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.
  • Bill History

  • 01/07/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26101910D
  • 01/07/2026 - Senate: Referred to Committee on Commerce and Labor
  • 01/26/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB166)
  • 01/26/2026 - Senate: Reported from Commerce and Labor (15-Y 0-N)
  • 01/28/2026 - Senate: Rules suspended
  • 01/28/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
  • 01/28/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
  • 01/29/2026 - Senate: Read second time
  • 01/29/2026 - Senate: Engrossed by Senate (Voice Vote)
  • 01/30/2026 - Senate: Read third time and passed Senate (38-Y 0-N 0-A)
  • 02/04/2026 - House: Placed on Calendar
  • 02/04/2026 - House: Read first time
  • 02/04/2026 - House: Referred to Committee on Labor and Commerce

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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