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CS/SB 834: Mortgage Guaranty Insurance/Surplus

GENERAL BILL by Banking and Insurance ; Horne

Mortgage Guaranty Insurance/Surplus; revises minimum surplus requirements for mortgage guaranty insurers; revises limits on total liability & exposure to losses for such insurers; requires audited financial reports required pursuant to certain provision to include certain information; authorizes DOI to take certain actions against mortgage guaranty insurer that is not in compliance. Amends 624.408, 635.042.

Effective Date: 07/01/2000
 Last Action: 5/5/2000 Senate - Died on Calendar
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    12/22/1999 Senate • Prefiled
    1/3/2000 Senate • Referred to Banking and Insurance
    3/7/2000 Senate • Introduced, referred to Banking and Insurance SJ 00053
    3/22/2000 Senate • On Committee agenda Banking and Insurance, 03/27/00, 1:00 pm, 110S Not considered
    3/29/2000 Senate • On Committee agenda Banking and Insurance, 04/03/00, 1:00 pm, 110S Not considered
    4/5/2000 Senate • On Committee agenda Banking and Insurance, 04/10/00, 2:00 pm, 110S
    4/10/2000 Senate • Comm. Action:CS by Banking and Insurance; YEAS 9 NAYS 0
    4/11/2000 Senate • 00424
    • Placed on Calendar SJ 00421
    5/5/2000 Senate • Died on Calendar

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  • CS/SB 834, Committee Substitute 1 (Current Bill Version) Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 4/10/2000 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 2295 Credit & Mortgage Guaranty Insurance Jones Compare Last Action: 5/5/2000 H Died in Committee on Financial Services (CAC)
    Location:

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    624.408 Surplus as to policyholders required; new and existing insurers.
    635.042 Limitation on outstanding liability.

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  • SB 834, Original Filed Version Posted 8/25/2000 at 4:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    624.408 Surplus as to policyholders required; new and existing insurers.

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