Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

Track This Bill

View Bill Summary

Glossary of Legislative Terms

CS/HB 1007: Insurer Insolvency

GENERAL BILL by Insurance and Banking Subcommittee ; Bernard ; Julien ; Cruz ; (CO-INTRODUCERS) Jones, M. ; Nelson

Insurer Insolvency; Amends provisions relating to Insurance Capital Build-Up Incentive Program; provides for renegotiation of surplus notes issued before specified date; revises surplus requirements for assuming insurers in connection with reinsurance credits; provides for rehabilitation plans for title insurers; provides for surcharges on title insurance policies to collect amount needed to cover assessment for insolvent insurer; authorizes DFS to request appointment as ancillary receiver if necessary for obtaining records to adjudicate covered claims, etc.

Effective Date: 7/1/2011
 Last Action: 6/27/2011 - Chapter No. 2011-226, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)
Bill Text: Web Page | PDF

View By Bill Version View By Category

Expand All Collapse All

  • Bill History

    Date Chamber Action
    2/25/2011 House • Filed
    3/3/2011 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 88
    3/8/2011 House • Introduced -HJ 88
    3/21/2011 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/23/11, 1:00 pm, 404 HOB
    3/23/2011 House • CS by Insurance and Banking Subcommittee; YEAS 10 NAYS 0 -HJ 314
    3/24/2011 House • Pending review of CS under Rule 7.19(c)
    • CS by Insurance and Banking Subcommittee read 1st time -HJ 305
    3/25/2011 House • Original reference(s) removed: Government Operations Appropriations Subcommittee
    • CS referred to Economic Affairs Committee -HJ 324
    • Now in Economic Affairs Committee -HJ 324
    3/29/2011 House • On Committee agenda-- Economic Affairs Committee, 03/31/11, 12:00 pm, Reed Hall
    3/31/2011 House • Favorable by- Economic Affairs Committee; YEAS 17 NAYS 0 -HJ 399
    4/1/2011 House • Placed on Calendar -HJ 399
    4/27/2011 House • Placed on Special Order Calendar, 04/29/11
    4/29/2011 House • Read 2nd time -HJ 946
    • Amendment(s) adopted (642907, 970025) -HJ 946
    • Read 3rd time -HJ 948
    • CS passed as amended; YEAS 115 NAYS 0 -HJ 948
    4/29/2011 Senate • In Messages
    5/2/2011 Senate • Received -SJ 718
    • Referred to Banking and Insurance; Budget; Rules -SJ 718
    • Withdrawn from Banking and Insurance; Budget; Rules -SJ 639
    • Placed on Calendar, on 2nd reading
    • Substituted for CS/CS/SB 1568 -SJ 639
    • Read 2nd time -SJ 639
    • Read 3rd time -SJ 639
    • CS passed; YEAS 34 NAYS 0 -SJ 639
    5/2/2011 House • Ordered enrolled -HJ 1004
    6/9/2011 • Signed by Officers and presented to Governor
    6/24/2011 • Approved by Governor
    6/27/2011 • Chapter No. 2011-226, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)

    Top of SectionTop of Page

  • CS/HB 1007, Enrolled (Current Bill Version) Posted 5/2/2011 at 5:25 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 803 (c2) Property and Casualty Insurance Wood Compare Last Action: 5/3/2011 H Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142) -HJ 1101
    Location: Laid on Table     		Track This Bill
    H 1229 (c2) Title Insurance Holder Compare Last Action: 5/7/2011 S Died in Messages, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226)
    Location: In messages from House     		Track This Bill
    S 408 (er) Property and Casualty Insurance Richter Compare Last Action: 5/17/2011 Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)
    Location: Became Law     		Track This Bill
    S 1568 (c2) Insurer Insolvency Montford Compare Last Action: 5/2/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
    Location: Laid on Table     		Track This Bill

    Citations - Statutes (12)

    Citation Catchline Location in Bill Location In Bill Help
    215.5595 Insurance Capital Build-Up Incentive Program. Page 4 (pdf)
    624.610 Reinsurance. Page 4 (pdf)
    631.152 Conduct of delinquency proceeding; foreign insurers. Page 12 (pdf)
    631.2715 Page 14 (pdf)
    631.391 Cooperation of officers and employees. Page 14 (pdf)
    631.400 Page 6 (pdf)
    631.401 Page 10 (pdf)
    631.54 Definitions. Page 14 (pdf)
    631.56 Board of directors. Page 15 (pdf)
    631.717 Powers and duties of the association. Page 17 (pdf)
    631.904 Definitions. Page 15 (pdf)
    631.912 Board of directors. Page 17 (pdf)

    Top of SectionTop of Page

  • CS/HB 1007, Engrossed 1 Posted 4/29/2011 at 8:51 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 803 (c2) Property and Casualty Insurance Wood Compare Last Action: 5/3/2011 H Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142) -HJ 1101
    Location: Laid on Table     		Track This Bill
    H 1229 (c2) Title Insurance Holder Compare Last Action: 5/7/2011 S Died in Messages, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226)
    Location: In messages from House     		Track This Bill
    S 408 (e2) Property and Casualty Insurance Richter Compare Last Action: 5/17/2011 Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)
    Location: Became Law     		Track This Bill
    S 1568 (c2) Insurer Insolvency Montford Compare Last Action: 5/2/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
    Location: Laid on Table     		Track This Bill

    Floor Votes (1)

    Date Chamber Result
    5/2/2011 10:28 AM Senate 34 Yeas - 0 Nays

    Citations - Statutes (12)

    Citation Catchline Location in Bill Location In Bill Help
    215.5595 Insurance Capital Build-Up Incentive Program. Page 4 (pdf)
    624.610 Reinsurance. Page 4 (pdf)
    631.152 Conduct of delinquency proceeding; foreign insurers. Page 12 (pdf)
    631.2715 Page 14 (pdf)
    631.391 Cooperation of officers and employees. Page 14 (pdf)
    631.400 Page 6 (pdf)
    631.401 Page 10 (pdf)
    631.54 Definitions. Page 14 (pdf)
    631.56 Board of directors. Page 15 (pdf)
    631.717 Powers and duties of the association. Page 17 (pdf)
    631.904 Definitions. Page 15 (pdf)
    631.912 Board of directors. Page 17 (pdf)

    Top of SectionTop of Page

  • CS/HB 1007, Committee Substitute 1 Posted 3/24/2011 at 5:07 PM

    Bill Text:   Web Page | PDF
    Analyses:   Economic Affairs Committee (Post-Meeting) 6/28/2011 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1568 (c2) Insurer Insolvency Montford Compare Last Action: 5/2/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
    Location: Laid on Table     		Track This Bill

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    970025 - Amendment
    Between lines 35 and 36, insert:     		Bernard 4/28/2011
    1:43 PM     		House: Adopted
    4/29/2011     		Web Page
    PDF
    642907 - Amendment
    Between lines 182 and 183, insert:     		Wood 4/28/2011
    1:37 PM     		House: Adopted
    4/29/2011     		Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    4/29/2011 6:45 PM House 115 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    631.152 Conduct of delinquency proceeding; foreign insurers. Page 2 (pdf)
    631.2715 Page 4 (pdf)
    631.391 Cooperation of officers and employees. Page 4 (pdf)
    631.54 Definitions. Page 4 (pdf)
    631.56 Board of directors. Page 5 (pdf)
    631.904 Definitions. Page 6 (pdf)
    631.912 Board of directors. Page 7 (pdf)

    Top of SectionTop of Page

  • HB 1007, Original Filed Version Posted 2/25/2011 at 7:41 AM

    Bill Text:   Web Page | PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 3/24/2011 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1568 (c1) Insurer Insolvency Montford Compare Last Action: 5/2/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
    Location: Laid on Table     		Track This Bill

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    631.2715 Page 2 (pdf)
    631.54 Definitions. Page 2 (pdf)
    631.56 Board of directors. Page 4 (pdf)
    631.57 Powers and duties of the association. Page 4 (pdf)
    631.904 Definitions. Page 5 (pdf)
    631.912 Board of directors. Page 7 (pdf)
    631.913 Powers and duties of the corporation. Page 7 (pdf)

    Top of SectionTop of Page