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CS/SB 2196: Insurance Payments/Escrow Accounts

GENERAL BILL by Banking and Insurance ; Geller

Insurance Payments/Escrow Accounts; requires insurer to reinstate, under certain circumstances, insurance policy that is cancelled due to failure of lender to pay premium for which sufficient escrow funds are on deposit; requires that lender reimburse property owner for any penalties or fees paid for purposes of reinstating policy; requires property insurers to reinstate canceled policy as required by specified provision, etc. Amends 501.137, 627.4133.

Effective Date: 07/01/2004
Last Action: 4/30/2004 House - Died on Calendar, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2038 (Ch. 2004-370), CS/CS/SB 2994 (Ch. 2004-390)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/18/2004 Senate • Prefiled
    3/3/2004 Senate • Introduced, referred to Banking and Insurance; Judiciary -SJ 00195
    3/12/2004 Senate • On Committee agenda-- Banking and Insurance, 03/17/04, 2:30 pm, 110-S
    3/17/2004 Senate • CS by Banking and Insurance; YEAS 12 NAYS 0 -SJ 00379; CS read first time on 03/24/04 -SJ 00384
    3/19/2004 Senate • Now in Judiciary -SJ 00379
    4/14/2004 Senate • On Committee agenda-- Judiciary, 04/19/04, 11:30 am, 110-S
    4/19/2004 Senate • Favorable by- Judiciary; YEAS 7 NAYS 0 -SJ 00698; Placed on Calendar, on second reading -SJ 00698
    4/22/2004 Senate • Placed on Special Order Calendar -SJ 00748; Read second time -SJ 00744
    4/23/2004 Senate • Read third time -SJ 00762; CS passed; YEAS 38 NAYS 0 -SJ 00762
    4/24/2004 House • In Messages
    4/28/2004 House • Received, placed on Calendar -HJ 00847; Substituted for HB 1297 -HJ 00930; Read second time -HJ 00930
    4/30/2004 House • Died on Calendar, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2038 (Ch. 2004-370), CS/CS/SB 2994 (Ch. 2004-390)

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  • CS/SB 2196, Committee Substitute 1 (Current Bill Version) Posted 3/19/2004 at 1:11 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 3/19/2004 (pdf)
    Judiciary (Post-Meeting) 4/19/2004 (pdf)

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 1297 Ritter Similar Last Action: 4/28/2004 H Placed on Special Order Calendar; Substituted CS/SB 2196 (Died on House Calendar) -HJ 00930; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2038 (Ch. 2004-370), CS/CS/SB 2994 (Ch. 2004-390) -HJ 00930
    Location:
    H 557 Rivera Compare Last Action: 4/28/2004 H Withdrawn from Appropriations -HJ 00879; Placed on Calendar -HJ 00879; Placed on Special Order Calendar -HJ 00863; Substituted CS/CS/SB 2038; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2038 (Ch. 2004-370), CS/SB 2588 (Ch. 2004-374), CS/CS/SB 2994 (Ch. 2004-390) -HJ 00976
    Location:
    S 2038 (e2) Fasano Compare Last Action: 6/24/2004 Approved by Governor; Chapter No. 2004-370; See also CS/SB 2588 (Ch. 2004-374), CS/CS/SB 2994 (Ch. 2004-390)
    Location:
    S 2994 (e2) Posey Compare Last Action: 7/1/2004 Approved by Governor; Chapter No. 2004-390; See also CS/CS/SB 2038 (Ch. 2004-370), CS/SB 2588 (Ch. 2004-374), CS/SB 2960 (Ch. 2004-340)
    Location:

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    284710 - Amendment
    Fasano 4/22/2004
    4:55 PM
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/19/2004 11:30 AM Judiciary 7 Yeas - 0 Nays

    Floor Votes (1)

    Date Chamber Result
    4/23/2004 10:30 AM Senate 38 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    501.137 Mortgage lenders; tax and insurance payments from escrow accounts; duties.
    627.4133 Notice of cancellation, nonrenewal, or renewal premium.

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  • SB 2196, Original Filed Version Posted 2/18/2004 at 1:57 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Votes (1)

    Date Committee Result
    3/17/2004 2:30 PM Banking and Insurance 12 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    501.137 Mortgage lenders; tax and insurance payments from escrow accounts; duties.

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