CS/CS/HB 821 (2013) -  Insurer Solvency

General Bill by Regulatory Affairs Committee and Insurance & Banking Subcommittee and Ingram
Insurer Solvency: Provides definitions applicable to Florida Insurance Code; revises definition; provides additional calculations for determining whether insurer has company action level event; revises provisions relating to mandatory control level events; requires insurer's annual statement to include actuarial opinion summary; provides criteria for summary; provides exception for life & health insurers; protects material supporting insurer's annual actuarial opinion from subpoena, discovery, or admissibility in civil action; revises amount of outstanding voting securities of domestic stock insurer or controlling company that person is prohibited from acquiring unless certain requirements have been met; deletes provision authorizing insurer to file disclaimer of affiliation & control in lieu of letter notifying OIR of FSC of acquisition of voting securities of domestic stock company; requires statement notifying office to include additional information; provides that control is presumed to exist under certain conditions; specifies how control may be rebutted & how controlling interest may be divested.
Effective Date: October 1, 2013
Last Event: Died on Second Reading Calendar on Friday, May 3, 2013 7:16 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/HB 823 Subject: Public Records Relationship: Linked
Bill #: CS/CS/SB 836 Subject: Insurer Solvency Relationship: Similar
Bill #: CS/SB 834 Subject: Public Records/Proprietary Business Information/Office of Insurance Regulation Relationship: Compare

Bill Text

  • Committee Substitute 2
  • Committee Substitute 1
    • A 775395 , Ingram (RAC) Date Filed: 03/26/13, Line#: 338 House(c): Adopted Without Objection 03/28/2013 10:18 AM
    • A 980481 , Nelson (RAC) Date Filed: 03/26/13, Line#: 524 House(c): Adopted Without Objection 03/28/2013 10:18 AM
    • A 469549 , Ingram (RAC) Date Filed: 03/26/13, Line#: 579 House(c): Adopted Without Objection 03/28/2013 10:18 AM
    • A 978037 , Ingram (RAC) Date Filed: 03/26/13, Line#: 641 House(c): Adopted Without Objection 03/28/2013 10:18 AM
  • Original Filed Version
    • D 372519 , Ingram (IBS) Date Filed: 03/12/13, Line#: 0 House(c): Adopted Without Objection 03/13/2013 02:09 PM
    • AA 785963 , Ingram (IBS) Date Filed: 03/13/13, Line#: 606 House(c): Adopted Without Objection 03/13/2013 02:09 PM

Staff Analysis

Chamber Committee
Chamber: House Committee: Regulatory Affairs Committee 4/1/2013 12:19:57 PM
Chamber: House Committee: Regulatory Affairs Committee 3/25/2013 7:31:12 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/15/2013 5:44:50 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/11/2013 6:02:49 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar Time: 05/03/2013 - 7:16 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/02/2013 - 3:08 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/02/2013 - 3:08 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/01/2013 - 6:51 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/01/2013 - 12:46 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 04/01/2013 - 12:46 PM Member: Committee: Version: c1
Event: H Reported out of Regulatory Affairs Committee Time: 04/01/2013 - 12:18 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Favorable with CS by Regulatory Affairs Committee Time: 03/27/2013 - 4:00 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Added to Regulatory Affairs Committee agenda Time: 03/25/2013 - 4:21 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H 1st Reading Time: 03/18/2013 - 6:31 PM Member: Committee: Version: c1
Event: H Now in Regulatory Affairs Committee Time: 03/18/2013 - 5:58 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Referred to Regulatory Affairs Committee Time: 03/18/2013 - 4:11 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H CS Filed Time: 03/15/2013 - 5:46 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/15/2013 - 5:46 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/15/2013 - 5:43 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/13/2013 - 11:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/11/2013 - 4:19 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/05/2013 - 11:59 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 02/28/2013 - 2:53 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 02/28/2013 - 2:53 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 02/28/2013 - 2:53 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 02/28/2013 - 2:53 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/15/2013 - 12:22 PM Member: Ingram Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.085 CS/CS/SB 836
624.4085 CS/CS/SB 836
624.424 CS/CS/SB 836, SB 1262
625.121 CS/CS/SB 836
628.461 CS/CS/SB 836
628.801 CS/CS/SB 836
628.803 CS/CS/SB 836
628.805 CS/CS/SB 836
636.045 CS/CS/SB 836
641.225 CS/CS/SB 836
641.255 CS/CS/SB 836