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Searching 2021-2022 Session

2021-2022 Session

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H.515 (Act 139)

An act relating to banking, insurance, and securities

Rep. Michael Marcotte , Rep. Charles Kimbell
5/12/2022 - House message: Governor approved bill on May 27, 2022
Sponsor(s)
  • Rep. Michael Marcotte
  • Rep. Charles Kimbell
Last Recorded Action
Senate 5/12/2022 - House message: Governor approved bill on May 27, 2022
Bill/Resolution Text
  • As Introduced
  • As Passed By the House
    Official | Unofficial
  • Senate Proposal of Amendment
    Official | Unofficial
  • As Passed by Both House and Senate
    Official | Unofficial
  • As Enacted | Act Summary

NOTE: to print information that appears on a tab within the bill page, use the Print link on that tab.

  • Status
  • Committee Activity
  • Staff & Other Information
  • Fiscal Information
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  • Act
  • Detailed Status
  • Roll Call Votes (0)
An act relating to banking, insurance, and securities

Detailed Status

Regular Session 2021-2022
Body Date Journal Calendar Location Full Status
An act relating to banking, insurance, and securities

Roll Call History

Regular Session 2021-2022
Body Date Journal Location Full Status

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Although procedurally bills and resolutions are assigned to only one committee at a time, other committees may review the bill or resolution. This page contains results from both the assigned committee as well as other committees.

  • Meetings
  • Documents
  • Witnesses
An act relating to banking, insurance, and securities

Committee Meetings

Regular Session 2021-2022
Meeting Date Committee
An act relating to banking, insurance, and securities

Meeting Full List

Regular Session 2021-2022
Print Report
Thursday, January 27, 2022
Committee(s):
House Committee on Commerce and Economic Development
9:00 AM

H.515 - An act relating to banking, insurance, and securities

Walk-through

Maria Royle, Legislative Counsel, Office of Legislative Counsel
Michael Pieciak, Commissioner, Department of Financial Regulation
Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
Emily Kisicki, Assistant General Counsel, Department of Financial Regulation
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
10 Minutes After Floor

H.515 - An act relating to banking, insurance, and securities

Continued Discussion

Richard Smith, President, Vermont Captive Insurance Association
Chris D'Elia, President, Vermont Bankers' Association
Jamie Feehan, Lobbyist, American Property and Casualty Insurance Association
Charles Storrow, Lobbyist, American International Group
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Jill Rickard, Regional Vice President, American Council of Life Insurers
Tuesday, February 1, 2022
Committee(s):
House Committee on Commerce and Economic Development
1:00 PM

H.515 - An act relating to banking, insurance, and securities

Mark-up and possible vote

Maria Royle, Legislative Counsel, Office of Legislative Counsel
Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
Emily Kisicki, Assistant General Counsel, Department of Financial Regulation
Tuesday, February 8, 2022
Committee(s):
House Committee on Commerce and Economic Development
9:00 AM

H.515 - An act relating to banking, insurance, and securities

Mark-up and possible vote

Maria Royle, Legislative Counsel, Office of Legislative Counsel
Emily Kisicki, Director of Policy, Department of Financial Regulation
Jill Rickard, Regional Vice President, American Council of Life Insurers
Charles Storrow, Lobbyist, American Resort Development Association
Thursday, February 10, 2022
Committee(s):
House Committee on Commerce and Economic Development
10 mins after floor

H.515 - An act relating to banking, insurance, and securities

Mark-up and possible vote

Maria Royle, Legislative Counsel, Office of Legislative Counsel
Wednesday, February 16, 2022
Committee(s):
House Committee on Ways and Means
1:15 PM

H.515 - An act relating to banking, insurance, and securities

Maria Royle, Legislative Counsel, Office of Legislative Counsel
Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
Patrick Titterton, Fiscal Analyst, Joint Fiscal Office
Thursday, March 24, 2022
Committee(s):
Senate Committee on Finance
`

H.515 - An act relating to banking, insurance, and securities

Thursday, March 31, 2022
Committee(s):
Senate Committee on Finance
2:15 PM

H.515 - An act relating to banking, insurance, and securities

Michael Pieciak, Commissioner, Department of Financial Regulation
Maria Royle, Legislative Counsel, Office of Legislative Counsel
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
Thursday, April 7, 2022
Committee(s):
Senate Committee on Finance
2:40 PM

H.515 - An act relating to banking, insurance, and securities

DFR Annuity Report

Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
Mary Block, Senior Life Insurance Specialist, Department of Financial Regulation
Thursday, April 14, 2022
Committee(s):
Senate Committee on Finance
1:55 PM

H.515 - An act relating to banking, insurance, and securities

Amendments and Possible Vote

Maria Royle, Legislative Counsel, Office of Legislative Counsel
Emily Kisicki, Director of Policy, Department of Financial Regulation
Thursday, April 21, 2022
Committee(s):
Senate Committee on Appropriations
4:00 PM

H.515 - An act relating to banking, insurance, and securities

Thursday, April 28, 2022
Committee(s):
House Committee on Commerce and Economic Development
10 mins after floor

H.515 - An act relating to banking, insurance, and securities

Review of Senate Amendment - vote

Emily Kisicki, Director of Policy, Department of Financial Regulation

Committee Documents

  • House Committee on Commerce and Economic Development
  • House Committee on Ways and Means
  • Senate Committee on Finance
An act relating to banking, insurance, and securities

Witnesses Who Testified

Regular Session 2021-2022
Print Report
House Committee on Commerce and Economic Development
  • Chris D'Elia, President, Vermont Bankers' Association
  • Jamie Feehan, Lobbyist, American Property and Casualty Insurance Association
  • Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
  • Emily Kisicki, Assistant General Counsel, Department of Financial Regulation
  • Emily Kisicki, Director of Policy, Department of Financial Regulation
  • Michael Pieciak, Commissioner, Department of Financial Regulation
  • David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
  • Jill Rickard, Regional Vice President, American Council of Life Insurers
  • Maria Royle, Legislative Counsel, Office of Legislative Counsel
  • Richard Smith, President, Vermont Captive Insurance Association
  • Charles Storrow, Lobbyist, American International Group
  • Charles Storrow, Lobbyist, American Resort Development Association
House Committee on Ways and Means
  • Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
  • Maria Royle, Legislative Counsel, Office of Legislative Counsel
  • Patrick Titterton, Fiscal Analyst, Joint Fiscal Office
Senate Committee on Finance
  • Mary Block, Senior Life Insurance Specialist, Department of Financial Regulation
  • Kevin Gaffney, Deputy Commissioner, Department of Financial Regulation, Insurance Division
  • Emily Kisicki, Director of Policy, Department of Financial Regulation
  • Michael Pieciak, Commissioner, Department of Financial Regulation
  • David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
  • Maria Royle, Legislative Counsel, Office of Legislative Counsel

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Fiscal notes and materials available on this web page are provided for informational purposes only, and may not comprise all materials received by the Vermont Legislature or the final fiscal information related to a specific bill.  The Legislature is not responsible for the accuracy of any information in these materials, and their posting does not constitute approval or endorsement by the Legislature.

Fiscal Information

Print Report
Fiscal Notes and Related Documents
  • H.515 – An act relating to banking, insurance, and securities as Recommended by the House Committee on Ways and Means

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  • Members
  • Meetings
  • Report
No committee of conference members found for H.515 in the Regular Session 2021-2022.
An act relating to banking, insurance, and securities

Committee of Conference Meetings

Regular Session 2021-2022
Meeting Date Committee
An act relating to banking, insurance, and securities

Committee of Conference Meeting Full List

Regular Session 2021-2022
Print Report
No committee of conference meeting history found for H.515 in the Regular Session 2021-2022.
No committee of conference report found for H.515 in the Regular Session 2021-2022.

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Act

  • As Enacted (ACT 139)
  • Act Summary

An act relating to banking, insurance, and securities

Statutes Affected

Regular Session 2021-2022
Statute
8 V.S.A. § 2502. Relationship to federal law
8 V.S.A. § 3301. Purposes
8 V.S.A. § 3634a. Credit for reinsurance
8 V.S.A. § 3685. Standards and management of an insurer within an insurance holding company system
8 V.S.A. § 3750. Standard Nonforfeiture Law for Individual Deferred Annuities
8 V.S.A. § 4724. Unfair methods of competition or unfair or deceptive acts or practices defined
8 V.S.A. § 4728. Insurance data security
8 V.S.A. § 4813i. Exemption from examination
8 V.S.A. § 6002. Licensing; authority
8 V.S.A. § 6006a. Mergers
8 V.S.A. § 6007. Reports and statements
8 V.S.A. § 6032. Definitions
8 V.S.A. § 6034. Protected cells
8 V.S.A. § 6034f. Annual report; books and records
8 V.S.A. § 6038. Delinquency of sponsored captive insurance companies
8 V.S.A. § 7122. Scope and purpose
8 V.S.A. § 7123. Definitions
8 V.S.A. § 7124. Licensing and registration
8 V.S.A. § 7125. Premium tax
8 V.S.A. § 7126. Travel protection plans
8 V.S.A. § 7127. Sales practices
8 V.S.A. § 7128. Travel administrators
8 V.S.A. § 7129. Policy
8 V.S.A. § 7130. Rulemaking authority
8 V.S.A. § 10405. Debt protection agreements
8 V.S.A. § 11601. Enforcement powers of Commissioner
8 V.S.A. § 14106. Expanded powers of Vermont financial institutions
9 V.S.A. § 5302. Notice filing
9 V.S.A. § 5305. Securities registration filings
9 V.S.A. § 5616. Vermont Financial Services Education and Victim Restitution Special Fund
9 V.S.A. § 5617. Vermont Whistleblower Award and Protection Act

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Staff & Other Information

Print Report
Staff
Maria Royle, Legislative Counsel

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