Saturday, October 25, 2014

CS/CS/SB 1568 - Insurer Insolvency

General Bill   by Budget and Banking and Insurance and Montford
Insurer Insolvency: Authorizes a residential property insurer to renegotiate a note issued by the Insurance Capital Build-Up Incentive Program under certain circumstances. Authorizes the Department of Financial Services to request appointment as ancillary receiver if necessary to obtain records to adjudicate covered claims. Provides for the State Risk Management Trust Fund to cover specified officers, employees, agents, and other representatives of the Department of Financial Services for liability under specified federal laws relating to receiverships, etc.
Effective Date: 07/01/2011
Last Event: 05/02/11 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639 on Monday, May 02, 2011 10:27 AM

Referred Committees and Committee Actions

Senate Referrals

    -   Banking and Insurance
           On agenda for: 03/22/11 1:15 PM
        Favorable With Committee Substitute (final action)    Votes: Yeas 10   Nays 0
 
    -   Budget
           On agenda for: 04/15/11 1:30 PM
        Favorable With Committee Substitute (final action)    Votes: Yeas 18   Nays 0
 
    -   Rules
           On agenda for: 04/26/11 1:00 PM
        Favorable (final action)    Votes: Yeas 9   Nays 0
 

Related Bills

Bill # Subject Relationship
CS/CS/HB 803 Property and Casualty Insurance Compare
CS/HB 1007 Insurer Insolvency Compare
CS/HB 1087 Insurance Compare
HB 4081 Repeal of Obsolete Insurance Provisions Compare
CS/HB 4099 Repeal of Property and Casualty Insurance Provisions Compare
CS/CS/CS/SB 408 Property and Casualty Insurance Compare
SB 636 Repeal of Obsolete Insurance Provisions Compare

Bill Text

Committee Substitute 2  
557434 , Montford Date Filed: 05/02/11, Line#: 0 Senate: Adopted 5/2/2011 10:26:36 AM
Committee Substitute 1  Laid on the Table
323402 , Budget, Montford Date Filed: 04/15/11, Line#: 35
814928 , Budget, Montford Date Filed: 04/15/11, Line#: 106
Original Filed Version  
556478 , Banking and Insurance, Bennett Date Filed: 03/21/11, Line#: 0

Staff Analysis

Vote History

(no votes recorded)

Bill History

Event Time Member Committee
05/02/11 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639 Monday, May 02, 2011 10:27 AM
05/02/11 S Substituted CS/HB 1007 -SJ 639 Monday, May 02, 2011 10:27 AM
05/02/11 S Amendment(s) adopted (557434) -SJ 639 Monday, May 02, 2011 10:26 AM
05/02/11 S Read 2nd time -SJ 638 Monday, May 02, 2011 10:24 AM
04/29/11 S Placed on Special Order Calendar, 05/02/11 Friday, April 29, 2011 4:26 PM
04/27/11 S Placed on Calendar, on 2nd reading -SJ 541 Wednesday, April 27, 2011 8:05 AM
04/26/11 S CS/CS by Budget read 1st time -SJ 488 Tuesday, April 26, 2011 9:30 PM
04/26/11 S Favorable by- Rules; YEAS 9 NAYS 0 -SJ 541 Tuesday, April 26, 2011 6:16 PM
04/21/11 S On Committee agenda-- Rules, 04/26/11, 1:00 pm, 110 Senate Office Building Thursday, April 21, 2011 1:48 PM
04/20/11 S Now in Rules -SJ 471 Wednesday, April 20, 2011 3:39 PM
04/19/11 S Pending reference review under Rule 4.7(2) - (Committee Substitute) Tuesday, April 19, 2011 8:34 AM
04/15/11 S CS/CS by Budget; YEAS 18 NAYS 0 -SJ 471 Friday, April 15, 2011 5:51 PM
04/14/11 S On Committee agenda-- Budget, 04/15/11, 1:30 pm, 412 Knott Building Thursday, April 14, 2011 11:22 AM
04/11/11 S On Committee agenda-- Budget, 04/14/11, 1:30 pm, 412 Knott Building --Not Considered Monday, April 11, 2011 5:09 PM
04/07/11 S Also referred to Rules -SJ 461 Thursday, April 07, 2011 7:24 PM
03/24/11 S CS by Banking and Insurance read 1st time -SJ 290 Thursday, March 24, 2011 7:35 PM
03/24/11 S Now in Budget -SJ 286 Thursday, March 24, 2011 4:08 PM
03/24/11 S Pending reference review under Rule 4.7(2) - (Committee Substitute) Thursday, March 24, 2011 10:26 AM
03/22/11 S CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 286 Tuesday, March 22, 2011 3:45 PM
03/17/11 S On Committee agenda-- Banking and Insurance, 03/22/11, 1:15 pm, 412 Knott Building Thursday, March 17, 2011 4:02 PM
03/09/11 S Introduced -SJ 176 Thursday, March 10, 2011 8:24 AM
03/09/11 S Referred to Banking and Insurance; Budget -SJ 176 Wednesday, March 09, 2011 2:26 PM
03/03/11 S Filed Thursday, March 03, 2011 8:15 AM

Statutes Referenced by this Bill

631.2715
631.54
631.56
631.904
631.912
631.152
631.391
215.5595
624.424
624.610
 

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