CS/CS/SB 610 (2012) -  Captive Insurance

General Bill by Budget Subcommittee on General Government Appropriations and Banking and Insurance and Diaz de la Portilla
Captive Insurance: Expanding the kinds of insurance for which a captive insurer may seek licensure; limiting the risks that certain captive insurers may insure; specifying requirements and conditions relating to a captive insurer’s authority to conduct business; specifying certain fees to be paid by captive insurance companies; requiring biographical affidavits, background investigations, and fingerprint cards for all officers and directors; providing restrictions on officers and directors involved with insolvent insurers under certain conditions; providing restrictions on officers and directors that are found guilty of, or have pleaded guilty or nolo contendere to, any felony or crime involving moral turpitude, including a crime of dishonesty or breach of trust, etc.
Effective Date: upon becoming a law
Last Event: 03/09/12 S Died on Calendar, companion bill(s) passed, see CS/CS/HB 1101 (Ch. 2012-151) on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 12/07/11 9:30 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 10   Nays 0
  • Budget Subcommittee on General Government Appropriations
    • On agenda for: 01/12/12 1:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/HB 379 Subject: Captive Insurance Relationship: Similar
Bill #: CS/CS/HB 1101 Subject: Insurance Relationship: Compare
Bill #: CS/CS/SB 1620 Subject: Insurance Relationship: Compare

Bill Text

  • Committee Substitute 2
  • Committee Substitute 1
    • D 331102 , Budget Subcommittee on General Government Appropriations, Diaz de la Portilla Date Filed: 01/12/12, Line#: 0 Senate(c): Replaced by Committee Substitute 01/12/2012 05:12 PM
    • A 557604 , Budget Subcommittee on General Government Appropriations, Diaz de la Portilla Date Filed: 01/11/12, Line#: 233 Senate(c): Withdrawn 01/12/2012 05:12 PM
  • Original Filed Version
    • D 344004 , Banking and Insurance, Bennett Date Filed: 12/05/11, Line#: 0 Senate(c): Favorable 12/07/2011 09:52 AM

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Budget Subcommittee on General Government Appropriations 1/17/2012 1:11:04 PM
Chamber: Senate Committee: Budget Subcommittee on General Government Appropriations 1/11/2012 9:49:18 AM
Chamber: Senate Committee: Banking and Insurance 12/8/2011 11:11:49 AM
Chamber: Senate Committee: Banking and Insurance 12/6/2011 8:08:43 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died on Calendar, companion bill(s) passed, see CS/CS/HB 1101 (Ch. 2012-151) Time: 03/09/2012 - 11:59 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading Time: 03/06/2012 - 10:37 AM Member: Committee: Version: c2
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) -SJ 874 Time: 03/06/2012 - 10:19 AM Member: Committee: Version: c2
Event: S Withdrawn from Budget -SJ 874 Time: 03/06/2012 - 10:15 AM Member: Committee: Version: c2
Event: S CS/CS by Budget Subcommittee on General Government Appropriations read 1st time -SJ 249 Time: 01/17/2012 - 8:30 PM Member: Committee: Version: c2
Event: S Now in Budget -SJ 214 Time: 01/17/2012 - 1:21 PM Member: Committee: Version: c2
Event: S CS/CS by Budget Subcommittee on General Government Appropriations; YEAS 8 NAYS 0 -SJ 214 Time: 01/12/2012 - 3:32 PM Member: Committee: Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 105 Time: 01/10/2012 - 5:15 PM Member: Committee: Version: c1
Event: S Introduced -SJ 52 Time: 01/10/2012 - 8:28 AM Member: Committee: Version: c1
Event: S On Committee agenda-- Budget Subcommittee on General Government Appropriations, 01/12/12, 1:00 pm, 401 Senate Office Building Time: 01/09/2012 - 5:28 PM Member: Committee: Version: c1
Event: S Now in Budget Subcommittee on General Government Appropriations Time: 12/13/2011 - 9:02 AM Member: Committee: Version: c1
Event: S Subreferred to Budget Subcommittee on General Government Appropriations -SJ 109 Time: 12/13/2011 - 9:01 AM Member: Committee: Version: c1
Event: S Now in Budget -SJ 112 Time: 12/09/2011 - 10:57 AM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 12/08/2011 - 11:36 AM Member: Committee: Version: c1
Event: S CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 112 Time: 12/07/2011 - 12:47 PM Member: Committee: Version: __
Event: S On Committee agenda-- Banking and Insurance, 12/07/11, 9:30 am, 412 Knott Building Time: 11/22/2011 - 3:08 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Budget -SJ 52 Time: 11/02/2011 - 3:51 PM Member: Committee: Version: __
Event: S Filed Time: 10/20/2011 - 9:50 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
626.7491 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.901 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.903 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.905 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.906 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.907 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.908 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.909 CS/CS/HB 119*, SB 254, CS/CS/HB 379*, HB 1007, CS/CS/HB 1101*, CS/CS/SB 1620
628.910 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.911 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.912 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.913 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.914 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.9141 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.9142 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.918 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.919 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620
628.920 CS/CS/HB 379*, CS/CS/HB 1101*, CS/CS/SB 1620

(*) Not the latest version