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
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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)
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SPB 7058, Proposed Bill (Current Bill Version) Posted 2/11/2005 at 10:25 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 2/21/2005 (pdf)
Committee Votes (1)
Date Committee Result 2/23/2005 9:00 AM Banking and Insurance 7 Yeas - 3 Nays