CS/CS/SB 1568 (2011) -  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 2, 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
Bill #: CS/CS/HB 803 Subject: Property and Casualty Insurance Relationship: Compare
Bill #: CS/HB 1007 Subject: Insurer Insolvency Relationship: Compare
Bill #: CS/HB 1087 Subject: Insurance Relationship: Compare
Bill #: HB 4081 Subject: Repeal of Obsolete Insurance Provisions Relationship: Compare
Bill #: CS/HB 4099 Subject: Repeal of Property and Casualty Insurance Provisions Relationship: Compare
Bill #: CS/CS/CS/SB 408 Subject: Property and Casualty Insurance Relationship: Compare
Bill #: SB 636 Subject: Repeal of Obsolete Insurance Provisions Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Rules 4/26/2011 8:13:53 PM
Chamber: Senate Committee: Rules 4/22/2011 1:18:40 PM
Chamber: Senate Committee: Budget 4/19/2011 8:27:52 AM
Chamber: Senate Committee: Budget 4/12/2011 8:46:21 PM
Chamber: Senate Committee: Banking and Insurance 3/24/2011 9:50:51 AM
Chamber: Senate Committee: Banking and Insurance 3/21/2011 12:52:25 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: 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 Time: 05/02/2011 - 10:27 AM Member: Committee: Version: c2
Event: S Substituted CS/HB 1007 -SJ 639 Time: 05/02/2011 - 10:27 AM Member: Committee: Version: c2
Event: S Amendment(s) adopted (557434) -SJ 639 Time: 05/02/2011 - 10:26 AM Member: Committee: Version: c2
Event: S Read 2nd time -SJ 638 Time: 05/02/2011 - 10:24 AM Member: Committee: Version: c2
Event: S Placed on Special Order Calendar, 05/02/11 Time: 04/29/2011 - 4:26 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading -SJ 541 Time: 04/27/2011 - 8:05 AM Member: Committee: Version: c2
Event: S CS/CS by Budget read 1st time -SJ 488 Time: 04/26/2011 - 9:30 PM Member: Committee: Version: c2
Event: S Favorable by- Rules; YEAS 9 NAYS 0 -SJ 541 Time: 04/26/2011 - 6:16 PM Member: Committee: Version: c2
Event: S On Committee agenda-- Rules, 04/26/11, 1:00 pm, 110 Senate Office Building Time: 04/21/2011 - 1:48 PM Member: Committee: Version: c2
Event: S Now in Rules -SJ 471 Time: 04/20/2011 - 3:39 PM Member: Committee: Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 04/19/2011 - 8:34 AM Member: Committee: Version: c1
Event: S CS/CS by Budget; YEAS 18 NAYS 0 -SJ 471 Time: 04/15/2011 - 5:51 PM Member: Committee: Version: c1
Event: S On Committee agenda-- Budget, 04/15/11, 1:30 pm, 412 Knott Building Time: 04/14/2011 - 11:22 AM Member: Committee: Version: c1
Event: S On Committee agenda-- Budget, 04/14/11, 1:30 pm, 412 Knott Building --Not Considered Time: 04/11/2011 - 5:09 PM Member: Committee: Version: c1
Event: S Also referred to Rules -SJ 461 Time: 04/07/2011 - 7:24 PM Member: Committee: Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 290 Time: 03/24/2011 - 7:35 PM Member: Committee: Version: c1
Event: S Now in Budget -SJ 286 Time: 03/24/2011 - 4:08 PM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/24/2011 - 10:26 AM Member: Committee: Version: __
Event: S CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 286 Time: 03/22/2011 - 3:45 PM Member: Committee: Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/22/11, 1:15 pm, 412 Knott Building Time: 03/17/2011 - 4:02 PM Member: Committee: Version: __
Event: S Introduced -SJ 176 Time: 03/10/2011 - 8:24 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Budget -SJ 176 Time: 03/09/2011 - 2:26 PM Member: Committee: Version: __
Event: S Filed Time: 03/03/2011 - 8:15 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
215.5595 CS/CS/CS/SB 408, SB 636, CS/CS/HB 803, HB 4081*, CS/HB 4099
624.424 CS/CS/CS/SB 408*, CS/CS/HB 803*, CS/HB 1087*
624.610
631.152 CS/HB 1007*
631.2715 CS/HB 1007*
631.391 CS/HB 1007*
631.54 CS/CS/CS/SB 408, CS/CS/HB 803, CS/HB 1007*
631.56 CS/HB 1007*
631.904 CS/HB 1007*
631.912 CS/HB 1007*

(*) Not the latest version