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CS/SB 1432: Insurance Administrators

GENERAL BILL by Banking and Insurance ; Baker

Insurance Administrators; redefines term "administrator" & defines terms "affiliate," "control," & "GAAP"; requires additional information to accompany application for certificate of authority to act as administrator; details responsibilities of insurance company in its dealings with administrator; prescribes information that must be submitted in administrator's annual report, etc. Amends 626.88,.8805,.8817,.89; creates 626.8991.

Effective Date: 10/01/2005
Last Action: 6/10/2005 - Approved by Governor; Chapter No. 2005-182
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/14/2005 Senate • Filed
    2/24/2005 Senate • Referred to Banking and Insurance
    3/8/2005 Senate • Introduced, referred to Banking and Insurance -SJ 00088
    3/17/2005 Senate • On Committee agenda-- Banking and Insurance, 03/22/05, 1:30 pm, 412-K
    3/22/2005 Senate • CS by- Banking and Insurance; YEAS 10 NAYS 0 -SJ 00266; CS read first time on 03/23/05 -SJ 00288
    3/23/2005 Senate • Placed on Calendar, on second reading -SJ 00266
    3/30/2005 Senate • Placed on Special Order Calendar -SJ 00299; Read second time -SJ 00297
    3/31/2005 Senate • Read third time -SJ 00318; CS passed; YEAS 39 NAYS 0 -SJ 00318
    4/6/2005 House • In Messages
    5/3/2005 House • Received, referred to Calendar -HJ 01257
    5/4/2005 House • Placed on Special Order Calendar; Read second time -HJ 01293; Substituted for HB 1149 -HJ 01293; Read third time -HJ 01293; CS passed; YEAS 118 NAYS 0 -HJ 01293
    5/4/2005 Senate • Ordered enrolled -SJ 01075
    5/31/2005 • Signed by Officers and presented to Governor
    6/10/2005 • Approved by Governor; Chapter No. 2005-182

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  • CS/SB 1432, Enrolled (Current Bill Version) Posted 5/4/2005 at 3:48 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 1149 Insurance Administrators Clarke Similar Last Action: 5/4/2005 H Substituted CS/SB 1432; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 1432 (Ch. 2005-182) -HJ 01293
    Location:

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.88 Definitions of "administrator" and "insurer".
    626.8805 Certificate of authority to act as administrator.
    626.8817 Responsibilities of insurance company with respect to administration of coverage insured.
    626.89 Annual financial statement and filing fee; notice of change of ownership.
    626.8991

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  • CS/SB 1432, Committee Substitute 1 Posted 3/23/2005 at 5:40 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 3/22/2005 (pdf)

    Floor Votes (2)

    Date Chamber Result
    3/31/2005 9:35 AM Senate 39 Yeas - 0 Nays
    5/4/2005 2:19 PM House 118 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.88 Definitions of "administrator" and "insurer".
    626.8805 Certificate of authority to act as administrator.
    626.8817 Responsibilities of insurance company with respect to administration of coverage insured.
    626.89 Annual financial statement and filing fee; notice of change of ownership.
    626.8991

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  • SB 1432, Original Filed Version Posted 2/14/2005 at 8:31 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    280518 - Amendment
    Banking and Insurance
    (Baker)
    3/21/2005
    12:54 PM
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/22/2005 1:30 PM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.88 Definitions of "administrator" and "insurer".
    626.8805 Certificate of authority to act as administrator.
    626.8817 Responsibilities of insurance company with respect to administration of coverage insured.
    626.89 Annual financial statement and filing fee; notice of change of ownership.
    626.8991

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