summary
Introduced
01/12/2026
01/12/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Fire Programs Fund; assessment. Increases the fire insurance assessment from one percent of total direct gross premium income for such insurance to (i) 1.5 percent on and after July 1, 2026, but before July 1, 2027, and (ii) two percent on and after July 1, 2027.
AI Summary
This bill increases the assessment that licensed insurance companies pay into the Fire Programs Fund, which supports fire services in Virginia. Currently, this assessment is one percent of their total direct gross premium income from relevant insurance types. Starting July 1, 2026, the assessment will rise to 1.5 percent, and then to two percent on July 1, 2027. The Fire Programs Fund is a special state fund administered by the Department of Fire Programs, used for various fire service improvements, training, and grants to local fire departments.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Left in Committee Appropriations (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB394 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB394) | https://lis.blob.core.windows.net/files/1095074.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB394/text/HB394 |
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