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HB 353: Mortgage Guaranty Insurance

GENERAL BILL by Kallinger ; (CO-INTRODUCERS) Brummer ; Alexander ; Clarke ; Simmons

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: 4/4/2001 House - 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
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/7/2001 House • Prefiled
    2/15/2001 House • Referred to Insurance (CCC); Council for Competitive Commerce
    3/6/2001 House • Introduced, referred to Insurance (CCC); Council for Competitive Commerce -HJ 00035
    3/12/2001 House • On Committee agenda-- Insurance (CCC), 03/14/01, 9:00 am, Reed Hall
    3/14/2001 House • Favorable by Insurance (CCC); YEAS 14 NAYS 0 -HJ 00197
    3/15/2001 House • Now in Council for Competitive Commerce -HJ 00197
    3/20/2001 House • On Council agenda-- Council for Competitive Commerce, 03/22/01, 9:15 am, Reed Hall
    3/22/2001 House • Favorable by- Council for Competitive Commerce; YEAS 13 NAYS 0 -HJ 00408
    3/23/2001 House • Placed on Calendar, on second reading -HJ 00408
    4/4/2001 House • 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

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  • HB 353, Original Filed Version (Current Bill Version) Posted 2/8/2001 at 12:36 AM

    Bill Text:   Web Page | PDF
    Analyses:   Council for Competitive Commerce (Post-Meeting) 3/20/2001 (pdf)
    Council for Competitive Commerce (Post-Meeting) 3/22/2001 (pdf)
    Insurance (Post-Meeting) 3/12/2001 (pdf)
    Insurance (Post-Meeting) 3/14/2001 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 218 Horne Identical Last Action: 5/1/2001 Approved by Governor; Chapter No. 2001-37
    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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