SB 218: Mortgage Guaranty Insurance
GENERAL BILL by Horne
Mortgage Guaranty Insurance; revises minimum surplus requirements for mortgage guaranty insurers; revises limits on total liability & exposure to losses for such insurers; requires mortgage guaranty insurers to include certain information in audited financial reports required pursuant to certain provision; authorizes Insurance Dept. to take certain actions against mortgage guaranty insurer that is not in compliance. Amends 624.408, 635.042.
Effective Date: 07/01/2001
Last Action: 5/1/2001 - Approved by Governor; Chapter No. 2001-37
Bill Text: Web Page | PDF
Last Action: 5/1/2001 - Approved by Governor; Chapter No. 2001-37
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 1/2/2001 Senate • Prefiled
1/11/2001 Senate • Referred to Banking and Insurance
3/6/2001 Senate • Introduced, referred to Banking and Insurance -SJ 00021; On Committee agenda-- Banking and Insurance, 03/06/01, 2:30 pm, 309-C; Favorable by- Banking and Insurance; YEAS 13 NAYS 0 -SJ 00111
3/7/2001 Senate • Placed on Calendar, on second reading -SJ 00111
3/21/2001 Senate • Placed on Special Order Calendar -SJ 00200; Read second time -SJ 00198
3/22/2001 Senate • Read third time -SJ 00219; Passed; YEAS 39 NAYS 0 -SJ 00219
3/27/2001 House • In Messages
4/2/2001 House • Received, placed on Calendar, on second reading -HJ 00432
4/4/2001 House • Substituted for HB 353 -HJ 00462; Read second time -HJ 00462
4/10/2001 House • Read third time -HJ 00481; Passed; YEAS 118 NAYS 0 -HJ 00481
4/16/2001 Senate • Ordered enrolled -SJ 00406
4/24/2001 • Signed by Officers and presented to Governor -SJ 00477
5/1/2001 • Approved by Governor; Chapter No. 2001-37
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SB 218, Enrolled (Current Bill Version) Posted 4/19/2001 at 1:53 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 353 Mortgage Guaranty Insurance Kallinger Identical Last Action: 4/4/2001 H Placed on Special Order Calendar; Senate Bill substituted; Laid on Table, Link/Iden/Sim/Compare passed, refer to SB 218 (Ch. 2001-37) -HJ 00462
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. -
SB 218, Original Filed Version Posted 1/4/2001 at 12:22 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 3/6/2001 (pdf)
Floor Votes (2)
Date Chamber Result 3/22/2001 4:34 PM Senate 39 Yeas - 0 Nays 4/10/2001 2:25 PM House 118 Yeas - 0 Nays 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.