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The Florida Senate

HB 2295: Credit & Mortgage Guaranty Insurance

GENERAL BILL by Jones

Credit & Mortgage Guaranty Insurance; specifies minimum surplus for mortgage guaranty insurers; authorizes individuals & entities holding credit life or disability insurance license to sell credit insurance; modifies requirements for licensure; requires certain disclosures to be made within specified time upon sale of credit life insurance; allows borrower specified time from date of such disclosures to rescind coverage, etc. Amends 624.408, 626.321, 627.679, 635.042.

Effective Date: 07/01/2000
Last Action: 5/5/2000 House - Died in Committee on Financial Services (CAC)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    4/5/2000 House • Filed
    4/6/2000 House • Introduced -HJ 00493
    4/10/2000 House • Referred to Insurance (CAC); Financial Services (CAC) -HJ 00527
    4/13/2000 House • On Committee agenda-- Insurance (CAC), 04/17/00, 1:00 pm, Reed Hall --Temporarily deferred
    4/19/2000 House • On Committee agenda-- Insurance (CAC), 04/24/00, 10:30 am, Reed Hall
    4/24/2000 House • Comm. Action: Favorable with 3 amendment(s) by Insurance (CAC); YEAS 9 NAYS 0 -HJ 00772
    4/25/2000 House • Now in Financial Services (CAC) -HJ 00772
    5/5/2000 House • Died in Committee on Financial Services (CAC)

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  • HB 2295, Original Filed Version (Current Bill Version) Posted 8/28/2000 at 9:15 AM

    Bill Text:   Web Page | PDF
    Analyses:   Insurance (Post-Meeting) 4/13/2000 (pdf)
    Insurance (Post-Meeting) 4/14/2000 (pdf)
    Insurance (Post-Meeting) 4/25/2000 (pdf)
    Insurance (Post-Meeting) 5/11/2000 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 834 (c1) Mortgage Guaranty Insurance/Surplus Horne Compare Last Action: 5/5/2000 S Died on Calendar
    Location:
    S 1612 (c1) Credit Insurance Diaz-Balart Compare Last Action: 5/5/2000 S Placed on Special Order Calendar SJ 01145; Died on Calendar
    Location:

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    202851 - Amendment
    Insurance 4/26/2000
    3:00 AM
    Web Page
    PDF
    315145 - Amendment
    Insurance 4/26/2000
    3:00 AM
    Web Page
    PDF
    824453 - Amendment
    Insurance 4/26/2000
    3:02 AM
    Web Page
    PDF

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    624.408 Surplus as to policyholders required; new and existing insurers.
    626.321 Limited licenses.
    627.679 Amount of insurance; disclosure.
    635.042 Limitation on outstanding liability.

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