---
type: "Bill"
title: "Life insurance; decreases the minimum nonforfeiture amount interest rate."
description: "Standard nonforfeiture provisions for life insurance; minimum nonforfeiture amounts; interest rates. Decreases theminimum nonforfeiture amount interest rate from one percent to 0.15percent."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "HB 44"
citation: "Virginia HB 44 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["R. Lee Ware"]
version_count: 3
action_count: 21
vote_count: 5
first_action: "2021-12-31"
last_action: "2022-04-07"
source: "openstates"
source_identifier: "ocd-bill/800e206f-2212-4961-93b1-64b69c43aa26"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB44"
source_hash: "86cef35ca0f36645ee4e076f67e93f08a9d68e2f4908c2c3a9fa16b34f044c72"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 44 (2022) — Life insurance; decreases the minimum nonforfeiture amount interest rate.

Standard nonforfeiture provisions for life insurance; minimum nonforfeiture amounts; interest rates. Decreases theminimum nonforfeiture amount interest rate from one percent to 0.15percent.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0176** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0176)
2. **HB44ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB44ER)
3. **Prefiled and ordered printed; offered 01/12/22 22101312D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB44)

## Votes

- Reported from Commerce and Energy (21-Y 0-N) — **21–0** (pass) · lower
- Reported from Commerce and Labor (15-Y 0-N) — **15–0** (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper

## Sponsors

- R. Lee Ware — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-12-31** Prefiled and ordered printed; offered 01/12/22 22101312D `introduction`
- **2021-12-31** Referred to Committee on Commerce and Energy `referral-committee`
- **2022-01-12** Impact statement from SCC (HB44)
- **2022-01-18** Reported from Commerce and Energy (21-Y 0-N) `committee-passage`
- **2022-01-20** Read first time `reading-1`
- **2022-01-21** Read second time and engrossed `reading-2`
- **2022-01-24** Read third time and passed House Block Vote (99-Y 0-N) `passage, reading-3`
- **2022-01-24** VOTE: Block Vote Passage (99-Y 0-N)
- **2022-01-25** Constitutional reading dispensed
- **2022-01-25** Referred to Committee on Commerce and Labor `referral-committee`
- **2022-02-28** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
- **2022-03-02** Constitutional reading dispensed (40-Y 0-N)
- **2022-03-03** Read third time `reading-3`
- **2022-03-03** Passed Senate (39-Y 0-N) `passage`
- **2022-03-08** Enrolled
- **2022-03-08** Signed by Speaker
- **2022-03-08** Signed by President
- **2022-03-10** Impact statement from SCC (HB44ER)
- **2022-03-22** Enrolled Bill communicated to Governor on March 22, 2022
- **2022-03-22** Governor's Action Deadline 11:59 p.m., April 11, 2022
- **2022-04-07** Approved by Governor-Chapter 176 (effective 7/1/22) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/800e206f-2212-4961-93b1-64b69c43aa26`. Confidence: reported (aggregated from official Virginia legislature records).