VirginiaBenefits consortium; governing bodies of three or more cities, counties, or school boards to form.
What it does
Benefits consortium for localities. Authorizes the governing bodies of three or more cities, counties, or school boards to form a benefits consortium for the purpose of establishing a self-funded employee welfare benefit plan. Under current law, such governing bodies or school boards are authorized to form such a benefits consortium if they comprised the membership of a multiple employer welfare arrangement as of December 31, 2014.
More detail
Such a benefits consortium is required to be a nonstock corporation established to operate a benefits plan. Each member of the benefits consortium is contractually liable for its allocated share of the consortium's liabilities, and the benefits consortium is exempt from taxation and from insurance regulations.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Left in Counties, Cities and TownsLatest
- Jan 24Subcommittee recommends passing by indefinitely (5-Y 3-N)
- Vote recorded Subcommittee recommends passing by indefinitely (5-Y 3-N). Result: pass.Lower
- Jan 20Assigned CCT sub: Subcommittee #3Minor
- Jan 13Referred to Committee on Counties, Cities and TownsMinor
- Jan 13Prefiled and ordered printed; Offered 01-13-2025 25103514DIntroduced