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The Florida Senate

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

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