SPB 7058: Solvency of Insurers
PROPOSED 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,.4087,.424, 628.801.
Effective Date: 01/01/2006
Last Action: 2/23/2005 Senate - Submit as committee bill by Banking and Insurance (SB 1804)
Bill Text: Web Page | PDF
Last Action: 2/23/2005 Senate - Submit as committee bill by Banking and Insurance (SB 1804)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/11/2005 | Senate |
• Submitted for consideration by Banking and Insurance |
| 2/15/2005 | Senate |
• On Committee agenda-- Banking and Insurance, 02/23/05, 9:00 am, 412-K |
| 2/23/2005 | Senate |
• Submit as committee bill by Banking and Insurance (SB 1804) |