STATE BILLVA SB 166PASSED

Insurance; contingent deferred annuities, nonforfeiture benefits.

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.

Status: Passed; Signed or otherwise enacted
Status date: Apr 8, 2026; 218 days ago
Current chamber: Senate
Session: 2026 Regular Session

VA SB 166 · PassedApr 8

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Bill details

Last action: Acts of Assembly Chapter text (CHAP0486) · Apr 8, 2026

Sponsor

JMJeremy McPikeSenator · Democrat · SD-029Primary sponsor

Bill history

Newest first.

Apr 8, 2026Acts of Assembly Chapter text (CHAP0486)

Apr 8, 2026Approved by Governor-Chapter 486 (effective 7/1/2026)

Mar 23, 2026Fiscal Impact Statement from State Corporation Commission (SB166)Senate

Mar 10, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026

Mar 10, 2026Enrolled Bill communicated to Governor on March 10, 2026Senate

Mar 9, 2026Signed by PresidentSenate

Mar 9, 2026Signed by SpeakerHouse

Mar 9, 2026Bill text as passed Senate and House (SB166ER)Senate

Show 21 earlier actions

Mar 9, 2026EnrolledSenate

Mar 3, 2026Passed House (97-Y 0-N 0-A)House

Mar 3, 2026Read third timeHouse

Mar 2, 2026Read second timeHouse

Feb 26, 2026Reported from Labor and Commerce (21-Y 0-N)House

Feb 24, 2026Subcommittee recommends reporting (9-Y 0-N)House

Feb 17, 2026Assigned HCL sub: Subcommittee #1House

Feb 4, 2026Referred to Committee on Labor and CommerceHouse

Feb 4, 2026Read first timeHouse

Feb 4, 2026Placed on CalendarHouse

Jan 30, 2026Read third time and passed Senate (38-Y 0-N 0-A)Senate

Jan 29, 2026Engrossed by Senate (Voice Vote)Senate

Jan 29, 2026Read second timeSenate

Jan 28, 2026Passed by for the daySenate

Jan 28, 2026Passed by for the day Block Vote (Voice Vote)Senate

Jan 28, 2026Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)Senate

Jan 28, 2026Rules suspendedSenate

Jan 26, 2026Reported from Commerce and Labor (15-Y 0-N)Senate

Jan 26, 2026Fiscal Impact Statement from State Corporation Commission (SB166)Senate

Jan 7, 2026Referred to Committee on Commerce and LaborSenate

Jan 7, 2026Prefiled and ordered printed; Offered 01-14-2026 26101910DSenate

Recorded votes

Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A)Jan 28, 2026 · Senate · 40 yea · 0 nayPassed

Reported from Commerce and Labor (15-Y 0-N)Jan 26, 2026 · Senate · 15 yea · 0 nayPassed

Read third time and passed Senate (38-Y 0-N 0-A)Jan 30, 2026 · Senate · 38 yea · 0 nayPassed

Subcommittee recommends reporting (9-Y 0-N)Feb 24, 2026 · House · 9 yea · 0 nayPassed

Reported from Labor and Commerce (21-Y 0-N)Feb 26, 2026 · House · 21 yea · 0 nayPassed

Passed House (97-Y 0-N 0-A)Mar 3, 2026 · House · 97 yea · 0 nayPassed

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