SB 1804: Solvency of Insurers
GENERAL BILL by Banking and Insurance
Solvency of Insurers; revises requirements for periodic examination of insurers by Insurance Regulation Office of Financial Services Commission; increases period between examinations for insurers that maintain risk-based capital level of specified percentage; requires property insurers to maintain surplus & reinsurance adequate to cover 100-year probable maximum loss from hurricanes, etc. Amends 624.316,.424, 628.801; creates 624.4087.
Effective Date: 01/01/2006
Last Action: 5/6/2005 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/6/2005 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF