republic-os/legislation/us/states/va/2024/hb-1060.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	Long-term care insurance; rate increases, notice requirements.	Long-term care insurance; rate increases; notice requirements. Requires an insurer providing long-term care insurance policies to issue a written notice to each policyholder of the insurer's filing for a rate increase with the State Corporation Commission within 60 days of making such filing. Additionally, the bill requires the insurer to (i) if the Commission denies the rate increase, issue a written notice to each policyholder of the Commission's final decision to deny the rate increase within 90 days of such decision or (ii) if the Commission approves the rate increase, issue a written notice to each policyholder of the rate increase at least 90 days before its effective date that includes certain information listed in the bill. The bill requires the Commission, in reviewing requests to increase long-term care insurance rates, to consider, to the extent practicable, how the rate increase will impact policyholders.	us/states/va	Virginia General Assembly	2024	HB 1060	Virginia HB 1060 (2024)	bill		enacted	Kathy K.L. Tran	4	36	7	2024-01-10	2024-04-22	openstates	ocd-bill/07071877-836d-434a-b1b6-2af73624ee11	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1060	7bd894118fa50bb7bffd99fd899db7211e83b83d3fc91a59a0c003336d851577	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 1060 (2024) — Long-term care insurance; rate increases, notice requirements.

Long-term care insurance; rate increases; notice requirements. Requires an insurer providing long-term care insurance policies to issue a written notice to each policyholder of the insurer's filing for a rate increase with the State Corporation Commission within 60 days of making such filing. Additionally, the bill requires the insurer to (i) if the Commission denies the rate increase, issue a written notice to each policyholder of the Commission's final decision to deny the rate increase within 90 days of such decision or (ii) if the Commission approves the rate increase, issue a written notice to each policyholder of the rate increase at least 90 days before its effective date that includes certain information listed in the bill. The bill requires the Commission, in reviewing requests to increase long-term care insurance rates, to consider, to the extent practicable, how the rate increase will impact policyholders.

Version chain

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

1. CHAP0315 (committee substitute) — source
2. HB1060ER (committee substitute) — source
3. Prefiled and ordered printed; offered 01/10/24 24100708D (committee substitute) — source
4. Printed as engrossed 24100708D-E (committee substitute) — source

Votes

• Passed Senate with amendment — 40–0 (pass) · upper
• Reported from Labor and Commerce with amendment(s) (13-Y 9-N) — 13–9 (pass) · lower
• VOTE: Passage (59-Y 39-N) — 58–39 (pass) · lower
• VOTE: Adoption (56-Y 43-N) — 55–43 (pass) · lower
• Reported from Commerce and Labor with amendment (14-Y 0-N) — 14–0 (pass) · upper
• Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
• Subcommittee recommends reporting with amendments (5-Y 2-N) — 5–2 (pass) · lower

Sponsors

• Kathy K.L. Tran — primary (person)

Timeline

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

• 2024-01-10 Prefiled and ordered printed; offered 01/10/24 24100708D filing, introduction
• 2024-01-10 Referred to Committee on Labor and Commerce referral-committee
• 2024-01-23 Assigned L & C sub: Subcommittee #1 referral-committee
• 2024-01-24 Impact statement from SCC (HB1060)
• 2024-02-06 House subcommittee amendments and substitutes offered
• 2024-02-06 Subcommittee recommends reporting with amendments (5-Y 2-N)
• 2024-02-08 Reported from Labor and Commerce with amendment(s) (13-Y 9-N) committee-passage
• 2024-02-11 Read first time reading-1
• 2024-02-12 Read second time reading-2
• 2024-02-12 Committee amendment agreed to amendment-passage
• 2024-02-12 Engrossed by House as amended HB1060E
• 2024-02-12 Printed as engrossed 24100708D-E
• 2024-02-13 Read third time and passed House (59-Y 39-N) passage, reading-3
• 2024-02-13 VOTE: Passage (59-Y 39-N) passage
• 2024-02-14 Constitutional reading dispensed
• 2024-02-14 Referred to Committee on Commerce and Labor referral-committee
• 2024-02-16 Impact statement from SCC (HB1060E)
• 2024-03-04 Reported from Commerce and Labor with amendment (14-Y 0-N) committee-passage
• 2024-03-04 Senate committee, floor amendments and substitutes offered
• 2024-03-05 Constitutional reading dispensed (40-Y 0-N)
• 2024-03-06 Read third time reading-3
• 2024-03-06 Reading of amendment waived
• 2024-03-06 Committee amendment agreed to amendment-passage
• 2024-03-06 Engrossed by Senate as amended
• 2024-03-06 Passed Senate with amendment passage
• 2024-03-07 Senate amendment agreed to by House (56-Y 43-N) amendment-passage
• 2024-03-07 VOTE: Adoption (56-Y 43-N)
• 2024-03-25 Enrolled enrolled
• 2024-03-25 Bill text as passed House and Senate (HB1060ER) passage
• 2024-03-25 Signed by President passage
• 2024-03-26 Signed by Speaker passage
• 2024-03-27 Enrolled Bill communicated to Governor on March 27, 2024 enrolled, executive-receipt
• 2024-03-27 Governor's Action Deadline 11:59 p.m., April 8, 2024 executive-receipt
• 2024-04-02 Approved by Governor-Chapter 315 (effective 7/1/24) executive-signature
• 2024-04-02 Acts of Assembly Chapter text (CHAP0315)
• 2024-04-22 Impact statement from SCC (HB1060ER)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/07071877-836d-434a-b1b6-2af73624ee11. Confidence: reported (aggregated from official Virginia legislature records).