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CS/HB 409: Alien Insurers

GENERAL BILL by Insurance and Banking Subcommittee ; Hooper

Alien Insurers; Revises provision exempting alien insurers from being required to obtain certificate of authority; deletes insurer's ownership of or control over affiliated persons as disqualification for exemptions; revises definition of term "nonresident"; exempts alien life or annuity insurers from obtaining certificate of authority based upon certain requirements; establishes conditions; provides requirements to maintain exemptions; authorizes OIR to conduct examinations or investigations; provides application & enforcement authority with respect to part IX of ch. 626, relating to unfair insurance trade practices; exempts eligible insurers from payment of premium taxes; requires that certain applications for life insurance policy or annuity contract contain specified statements; provides for violations & penalties.

Effective Date: upon becoming a law
 Last Action: 3/9/2012 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 1101 (Ch. 2012-151)
Bill Text: PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Budget Subcommittee on General Government Appropriations (BGA)
  3. Budget (BC)


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Bill History

Date Chamber Action
10/18/2011 House • Filed
10/28/2011 House • Referred to Insurance and Banking Subcommittee; Economic Affairs Committee -HJ 41
1/10/2012 House • Introduced -HJ 41
1/26/2012 House • On Committee agenda-- Insurance and Banking Subcommittee, 01/30/12, 2:00 pm, 404 HOB
1/30/2012 House • CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 526
2/6/2012 House • Pending review of CS under Rule 7.19(c)
2/7/2012 House • Now in Economic Affairs Committee -HJ 525
• CS by Insurance and Banking Subcommittee read 1st time -HJ 522
2/14/2012 House • On Committee agenda-- Economic Affairs Committee, 02/16/12, 11:30 am, Reed Hall
2/16/2012 House • Favorable by- Economic Affairs Committee; YEAS 15 NAYS 0 -HJ 683
• Placed on Calendar -HJ 683
2/20/2012 House • Placed on Special Order Calendar, 02/22/12
2/22/2012 House • Read 2nd time -HJ 718
• Placed on 3rd reading
2/23/2012 House • Read 3rd time -HJ 766
• CS passed; YEAS 114 NAYS 0 -HJ 767
2/24/2012 Senate • In Messages
3/5/2012 Senate • Received -SJ 815
• Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 815
3/9/2012 Senate • Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 1101 (Ch. 2012-151)