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CS/CS/HB 805: Title Insurer Reserves

GENERAL BILL by Regulatory Affairs Committee ; Insurance and Banking Subcommittee ; Moraitis

Title Insurer Reserves; Revising criteria with respect to liabilities charged against assets in determinations of financial condition; specifying the reserves certain title insurers must set aside after a certain date; revising provisions relating to premium taxes paid by insurers; requiring certified title insurers to add a specified number of jobs within a certain time, etc.

Effective Date: 6/13/2014
Last Action: 6/13/2014 - Chapter No. 2014-132, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), HB 5601 (Ch. 2014-38)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/4/2014 House • Filed
    2/14/2014 House • Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 69
    3/3/2014 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/05/14, 3:30 pm, Sumner Hall
    3/4/2014 House • Introduced -HJ 69
    3/5/2014 House • CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 219
    3/10/2014 House • Pending review of CS under Rule 7.19(c)
    • CS by Insurance and Banking Subcommittee read 1st time -HJ 213
    3/13/2014 House • Now in Regulatory Affairs Committee -HJ 277
    4/1/2014 House • On Committee agenda-- Regulatory Affairs Committee, 04/03/14, 8:30 am, Sumner Hall
    4/3/2014 House • CS/CS by- Regulatory Affairs Committee; YEAS 14 NAYS 0 -HJ 466
    4/4/2014 House • Pending review of CS -under Rule 7.19(c)
    • CS/CS by Regulatory Affairs Committee read 1st time -HJ 463
    4/7/2014 House • Placed on Calendar -HJ 475
    4/17/2014 House • Placed on Special Order Calendar, 04/21/14
    4/21/2014 House • Read 2nd time -HJ 569
    • Placed on 3rd reading
    4/22/2014 House • Read 3rd time -HJ 583
    • CS passed; YEAS 118 NAYS 0 -HJ 583
    4/22/2014 Senate • In Messages
    • Referred to Banking and Insurance; Commerce and Tourism -SJ 524
    • Received -SJ 524
    5/1/2014 Senate • Withdrawn from Banking and Insurance; Commerce and Tourism -SJ 938
    • Placed on Calendar, on 2nd reading -SJ 938
    • Substituted for CS/SB 758 -SJ 938
    • Read 2nd time -SJ 938
    • Amendment(s) adopted (543720) -SJ 938
    • Placed on 3rd reading
    5/2/2014 Senate • Read 3rd time -SJ 1041
    • CS passed as amended; YEAS 38 NAYS 0 -SJ 1041
    5/2/2014 House • In returning messages
    • Concurred in 1 amendment(s) (543720) -HJ 996
    • CS passed as amended; YEAS 115 NAYS 0 -HJ 997
    • Ordered engrossed, then enrolled -HJ 997
    6/5/2014 • Signed by Officers and presented to Governor
    6/13/2014 • Approved by Governor
    • Chapter No. 2014-132, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), HB 5601 (Ch. 2014-38)

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  • CS/CS/HB 805, Enrolled (Current Bill Version) Posted 5/2/2014 at 9:24 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 321 (er) Title Insurance Passidomo Compare Last Action: 6/13/2014 Chapter No. 2014-112, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132)
    Location: Became Law
    H 657 (c1) Tax on Insurance Premiums Davis Compare Last Action: 5/2/2014 H Died on Calendar, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132), HB 5601 (Ch. 2014-38)
    Location: On 2nd Reading Calendar
    H 5601 (er) Taxation Finance and Tax Subcommittee Compare Last Action: 5/14/2014 Chapter No. 2014-38, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132), HB 5001 (Ch. 2014-51), CS/HB 7081 (Ch. 2014-40)
    Location: Became Law
    S 310 (c1) Tax on Insurance Premiums Simpson Compare Last Action: 5/2/2014 S Died on Calendar, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132), HB 5601 (Ch. 2014-38)
    Location: On Special Order Calendar
    S 570 (c2) Title Insurance Galvano Compare Last Action: 4/3/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433
    Location: Laid on Table
    S 758 (c1) Title Insurer Reserves Lee Compare Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 938
    Location: Laid on Table

    Citations - Statutes (6)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 12 (pdf)
    624.408 Surplus required; current insurers. Page 13 (pdf)
    624.509 Premium tax; rate and computation. Page 13 (pdf)
    625.041 Liabilities, in general. Page 2 (pdf)
    625.111 Title insurance reserve. Page 4 (pdf)
    627.7711 Definitions. Page 14 (pdf)

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  • CS/CS/HB 805, Engrossed 1 Posted 5/2/2014 at 5:10 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 758 (c1) Title Insurer Reserves Lee Similar Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 938
    Location: Laid on Table
    H 321 (er) Title Insurance Passidomo Compare Last Action: 6/13/2014 Chapter No. 2014-112, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132)
    Location: Became Law
    S 570 (c2) Title Insurance Galvano Compare Last Action: 4/3/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433
    Location: Laid on Table

    Citations - Statutes (6)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 11 (pdf)
    624.408 Surplus required; current insurers. Page 12 (pdf)
    624.509 Premium tax; rate and computation.
    625.041 Liabilities, in general. Page 1 (pdf)
    625.111 Title insurance reserve. Page 3 (pdf)
    627.7711 Definitions.

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  • CS/CS/HB 805, Committee Substitute 2 Posted 4/4/2014 at 11:54 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 758 (c1) Title Insurer Reserves Lee Similar Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 938
    Location: Laid on Table
    H 321 (er) Title Insurance Passidomo Compare Last Action: 6/13/2014 Chapter No. 2014-112, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132)
    Location: Became Law
    S 570 (c2) Title Insurance Galvano Compare Last Action: 4/3/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433
    Location: Laid on Table

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    377076 - Amendment
    Before line 22 insert:
    Lee 4/24/2014
    2:12 PM
    Senate: Withdrawn
    4/28/2014
    Web Page
    PDF
    543720 - Amendment
    Delete line 299 and insert:
    Lee 4/28/2014
    8:56 AM
    House: Concur
    5/2/2014
    Web Page
    PDF

    Floor Votes (3)

    Date Chamber Result
    4/22/2014 11:48 AM House 118 Yeas - 0 Nays
    5/2/2014 10:29 AM Senate 38 Yeas - 0 Nays
    5/2/2014 3:30 PM House 115 Yeas - 0 Nays

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 11 (pdf)
    624.408 Surplus required; current insurers. Page 12 (pdf)
    625.041 Liabilities, in general. Page 1 (pdf)
    625.111 Title insurance reserve. Page 3 (pdf)

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  • CS/HB 805, Committee Substitute 1 Posted 3/10/2014 at 9:20 AM

    Bill Text:   PDF
    Analyses:   Regulatory Affairs Committee (Post-Meeting) 4/4/2014 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 758 (c1) Title Insurer Reserves Lee Similar Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 938
    Location: Laid on Table
    H 321 (e1) Title Insurance Passidomo Compare Last Action: 6/13/2014 Chapter No. 2014-112, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132)
    Location: Became Law
    S 570 (c2) Title Insurance Galvano Compare Last Action: 4/3/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433
    Location: Laid on Table

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    001793 - Amendment
    Remove lines 231-241 and insert:
    Moraitis 4/2/2014
    6:10 PM
    Adopted without Objection
    4/3/2014
    PDF

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 11 (pdf)
    624.408 Surplus required; current insurers. Page 12 (pdf)
    625.041 Liabilities, in general. Page 1 (pdf)
    625.111 Title insurance reserve. Page 3 (pdf)

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  • HB 805, Original Filed Version Posted 2/4/2014 at 2:32 PM

    Bill Text:   PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 6/30/2014 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 758 (c1) Title Insurer Reserves Lee Similar Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 938
    Location: Laid on Table

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 11 (pdf)
    624.408 Surplus required; current insurers. Page 11 (pdf)
    625.041 Liabilities, in general. Page 1 (pdf)
    625.111 Title insurance reserve. Page 3 (pdf)

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