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Virginia · 2026 Regular Session · Bill

SB 166: Insurance; contingent deferred annuities, nonforfeiture benefits.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 166 is a bill introduced in the Virginia Senate on January 7, 2026. According to its official title, it concerns: Insurance; contingent deferred annuities, nonforfeiture benefits. Primary sponsor: Jeremy McPike (Democratic). Most recent recorded action (April 8, 2026): Acts of Assembly Chapter text (CHAP0486).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Jeremy McPikePrimary sponsorDemocraticSenate29

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Acts of Assembly Chapter text (CHAP0486)
  2. Approved by Governor-Chapter 486 (effective 7/1/2026)
  3. Fiscal Impact Statement from State Corporation Commission (SB166)
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026
  5. Enrolled Bill communicated to Governor on March 10, 2026
  6. Signed by President
  7. Signed by Speaker
  8. Bill text as passed Senate and House (SB166ER)
  9. Enrolled
  10. Passed House (97-Y 0-N 0-A)
  11. Read third time
  12. Read second time

Showing 12 most recent of 29 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source