republic-os/legislation/us/states/va/2018/sb-542.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Surplus lines insurance; establishes criteria for SCC licensing of domestic surplus line insurers.	Establishes criteria for the licensing by the State Corporation Commission of domestic surplus line insurers. A domestic surplus lines insurer is considered a nonadmitted insurer for the purposes of the federal Nonadmitted and Reinsurance Reform Act of 2010 with respect to risks insured in the Commonwealth. The measure provides that policies issued by a domestic surplus lines insurer are subject to the same taxes and maintenance assessments levied upon surplus lines policies issued by eligible nonadmitted insurers, if the Commonwealth is the home state of the insured. Policies issued by a domestic surplus lines insurer are not subject to protections provided by the Virginia Property and Casualty Insurance Guaranty Association. The measure exempts policies issued by a domestic surplus lines insurer from all statutory requirements relating to insurance rating plans, policy forms, policy cancellation and nonrenewal, and premium charged to the insured in the same manner and to the same extent as a nonadmitted insurer domiciled in another state. The measure provides that a domestic surplus lines insurer is only authorized to write the types of insurance in the Commonwealth that a surplus lines broker may procure with a nonadmitted insurer approved by the Commission.	us/states/va	Virginia General Assembly	2018	SB 542	Virginia SB 542 (2018)	bill	Insurance State Corporation Commission	enacted	Mark D. Obenshain	3	19	5	2018-01-09	2018-03-05	openstates	ocd-bill/5b490c6c-5668-411b-890d-2d812dea427b	http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB542	267c4874b906b3a000927a724d69f8fdc3d4116fed428b5a0608ce37622adef3	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 542 (2018) — Surplus lines insurance; establishes criteria for SCC licensing of domestic surplus line insurers.

Establishes criteria for the licensing by the State Corporation Commission of domestic surplus line insurers. A domestic surplus lines insurer is considered a nonadmitted insurer for the purposes of the federal Nonadmitted and Reinsurance Reform Act of 2010 with respect to risks insured in the Commonwealth. The measure provides that policies issued by a domestic surplus lines insurer are subject to the same taxes and maintenance assessments levied upon surplus lines policies issued by eligible nonadmitted insurers, if the Commonwealth is the home state of the insured. Policies issued by a domestic surplus lines insurer are not subject to protections provided by the Virginia Property and Casualty Insurance Guaranty Association. The measure exempts policies issued by a domestic surplus lines insurer from all statutory requirements relating to insurance rating plans, policy forms, policy cancellation and nonrenewal, and premium charged to the insured in the same manner and to the same extent as a nonadmitted insurer domiciled in another state. The measure provides that a domestic surplus lines insurer is only authorized to write the types of insurance in the Commonwealth that a surplus lines broker may procure with a nonadmitted insurer approved by the Commission.

Version chain

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

1. Senate: Bill text as passed Senate and House (SB542ER) (committee substitute) — source
2. Senate: Prefiled and ordered printed; offered 01/10/18 18102095D (committee substitute) — source
3. Senate: Printed as engrossed 18102095D-E (committee substitute) — source

Votes

• Passed House BLOCK VOTE — 100–0 (pass) · legislature
• Constitutional reading dispensed — 40–0 (pass) · legislature
• Read third time and passed Senate — 38–0 (pass) · legislature
• Reported from Commerce and Labor — 22–0 (pass) · legislature
• Reported from Commerce and Labor with amendments — 15–0 (pass) · legislature

Sponsors

• Mark D. Obenshain — primary (person)

Timeline

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

• 2018-01-09 Prefiled and ordered printed; offered 01/10/18 18102095D introduction
• 2018-01-09 Referred to Committee on Commerce and Labor referral-committee
• 2018-01-25 Read second time reading-2
• 2018-01-25 Reading of amendments waived
• 2018-01-25 Committee amendments agreed to
• 2018-01-25 Engrossed by Senate as amended SB542E
• 2018-01-25 Printed as engrossed 18102095D-E
• 2018-01-31 Placed on Calendar
• 2018-01-31 Read first time reading-1
• 2018-01-31 Referred to Committee on Commerce and Labor referral-committee
• 2018-02-19 Read second time reading-2
• 2018-02-20 Read third time reading-3
• 2018-02-20 Passed House BLOCK VOTE (100-Y 0-N) passage
• 2018-02-22 Enrolled
• 2018-02-22 Signed by Speaker
• 2018-02-23 Signed by President
• 2018-02-26 Enrolled Bill Communicated to Governor on February 26, 2018
• 2018-02-26 Governor's Action Deadline Midnight, March 5, 2018
• 2018-03-05 Approved by Governor-Chapter 205 (effective 7/1/18) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/5b490c6c-5668-411b-890d-2d812dea427b. Confidence: reported (aggregated from official Virginia legislature records).