SB 166 Virginia Senate · 2026 Regular Session

Insurance; contingent deferred annuities, nonforfeiture benefits.

Summary

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.

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Feb 2026

Senate Passage

Mar 2026

House of Delegates Passage

Mar 2026

Signed into Law

Apr 2026

Introduced Jan 7, 2026 Signed Apr 8, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Enrolled → Chaptered · 3 edits

MINOR

This bill marks the final administrative step of converting SB 166 from an enrolled bill into a chaptered law, making it officially part of the Virginia Code. The substantive legal text regarding contingent deferred annuities remains unchanged, with the only modifications being the addition of the official chapter number, the specific approval date, and the removal of the session header.

Scope change

The bill's scope of applicability and legal definitions have not changed; the text is identical to the previous version, only the formatting and official status have been updated.

TECHNICAL

Added the official chapter number (Chapter 486) and the specific approval date (April 8, 2026) to formally record the bill's enactment.

Removed the generic '2026 SESSION' and 'ENROLLED' headers, replacing them with the specific chapter designation to finalize the document.

Adjusted line breaks and spacing to match the standard formatting of the Virginia Acts of Assembly.

Floor votes · Senate Jan 28, 2026 · House of Delegates Mar 3, 2026

How they voted

39–0

Passed

Total votes 39

Jan 28, 2026

D Democratic20

20 Yea

100% Yea

R Republican19

19 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 8, 2026

Signed into law

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

executive

Mar 9, 2026

Upper · Passed

Signed by President

upper

Mar 9, 2026

Lower · Passed

Signed by Speaker

lower

Mar 9, 2026

Upper · Passed

Bill text as passed Senate and House (SB166ER)

upper

Mar 3, 2026

Lower · Passed

Passed House (97-Y 0-N 0-A)

lower

Feb 26, 2026

Lower · Passed

Reported from Labor and Commerce (21-Y 0-N)

lower

Feb 24, 2026

Lower · Passed

Subcommittee recommends reporting (9-Y 0-N)

lower

Feb 17, 2026

Committee

Assigned HCL sub: Subcommittee #1

lower

Feb 4, 2026

Committee

Referred to Committee on Labor and Commerce

lower

Jan 30, 2026

Upper · Passed

Read third time and passed Senate (38-Y 0-N 0-A)

upper

Jan 28, 2026

Upper · Passed

Passed by for the day

upper

Jan 28, 2026

Upper · Passed

Passed by for the day Block Vote (Voice Vote)

upper

Jan 26, 2026

Upper · Passed

Reported from Commerce and Labor (15-Y 0-N)

upper

Jan 7, 2026

Committee

Referred to Committee on Commerce and Labor

upper

1 primary · 0 co-sponsors